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.
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