Ichiban Sushi Owner Seeks Singapore IPO

Ichiban Sushi Owner Seeks Singapore IPO

The subject of business and finance and Singapore continues to generate positive news stories. Yet another example can be found by paying attention to the recent efforts made by RE&S Holdings. This is the restaurant group that owns the noted Ichiban Sushi. They are currently seeking a Singapore IPO. To be sure, there are several elements to this news story that you are going to want to keep in mind.

In the first place, you will want to regard the stature of the company that is looking for the IPO to begin with. This is a major company with a powerful, endlessly impressive track record. The fact that they are seeking out a Singapore IPO is a big deal for everyone concerned.

In the second place, you will want to consider what RE&S will have to do next, having clearly stated their intentions for the future.

The Preliminary Prospectus

RE&S Holdings has put forth a preliminary prospectus for their initial public offering on the Catalist board. At the moment, the company has not provided details on the time or size of the listing in question. However, we can certainly speculate on what is going to happen next.

At this point, we can imagine that the listing proceed will be put towards expanding the business. This can be done in one of two different ways. They will either work to establish new outlets, or they will utilize acquisitions/joint ventures. Refurbishment works are also going to be considered, and we certainly don’t want to forget about working capital requirements. RE&S indicated all of these possibilities in the preliminary offer document that was initially lodged.

A cornerstone investor will be there in the form of a group known as Orchid 2 Investments. This group is managed and controlled by a company known as Heliconia Capital. Heliconia in turn is a subsidiary that is wholly-owned by Temasek Holdings.

What Happens Next

RE&S own and operate a range of Japanese food/beverage outlets. These outlets can be found throughout not only Singapore, but also throughout Malaysia, as well. Some of the names associated with this Japanese company include Kuriya Dining, Ton Tei Restaurant, Gokoku Japanese Bakery, and several others. They have a solid track record, and their holdings are impressive on a number of different levels. Their interest and commitment to a Singapore IPO has many financial and business experts buzzing.

They have been operating food and beverage interests throughout Singapore and elsewhere for over twenty-five years. They generate several million dollars in net profits for each financial year, and there is no reason to not believe that this isn’t going to continue for a long time to come. The food and beverage industry remains a competitive one. This is particularly true in Singapore. However, RE&S believes that their experience and other factors will continue to give them an edge over many of their competitors. In addition to that belief, business experts in general believe that the food and beverage industry has a general outlook that can be described as positive.

About the Author

Morris Edwards is a content writer at CompanyRegistrationinSingapore.com.sg, he writes different topics like Singapore tech start-up Sea targeting $1.35b in New York IPO, Launching a startup in Singapore? 4 things you need to know and all topics related to Tech and Business, if you are interested about Setting up a business in Singapore visit our website for more information.

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