Japanese restaurant group RE&S to list on Catalist

JAPANESE restaurant group RE&S Holdings has filed a preliminary prospectus for a Catalist listing as it seeks to raise capital for new outlets - in a move that will add to Singapore Exchange's (SGX) US$100 billion consumer sector, one of its focus sectors.

The listing of RE&S - which owns 20 restaurant brands here including Ichiban Boshi, Kuishin Bo and Kuriya Dining - is expected to take place by end-2017.

Proceeds from the deal will be used to open new food and beverage (F&B) outlets in Singapore and Malaysia; refurbish and improve production processes at its existing F&B outlets; and for business expansion through acquisitions, joint ventures and strategic alliances.