RE&S Holdings launches IPO, aims to raise more than S$10m

Singapore

JAPANESE food and beverage (F&B) group RE&S Holdings Limited has launched its initial public offering (IPO) on the Singapore Exchange's Catalist board on Wednesday, and is seeking to raise more than S$10 million to expand its businesses in Singapore and Malaysia for a start.

RE&S is offering 38 million shares - three million public shares and 35 million placement shares - at S$0.22 a share. Out of the 35 million placement shares, six million reserved shares will be for subscription by the directors and employees of RE&S and their subsidiaries, as well as business associates.