Japanese F&B operator Food Innovators Holdings aims for Singapore listing to be springboard to Asia
The company has announced it is planning to raise S$3.1 million in its IPO, through 14 million new shares to be issued at S$0.22 apiece
JAPANESE food and beverage (F&B) operator Food Innovators Holdings (FIH) is aiming to leverage its upcoming listing in Singapore to expand into Asian markets.
The group – which owns and operates several restaurants in Japan, Singapore and Malaysia – is aiming for an initial public offering (IPO) on the Catalist board of the Singapore Exchange as a way to raise its profile both within and outside Japan, said chief executive Yasuaki Kubota last Tuesday (Oct 8).
“If we are listed in Singapore, we will be known to a lot of people in Asia (and) our credibility will also increase… so we thought we would have more advantages if we are listed in Singapore (than in Japan),” he said in Japanese during an interview with The Business Times.
