ST Group Food ends Catalist debut at S$0.28 for first day premium of 7.7%

Singapore

ST Group Food Industries Holdings, a regional franchisee for various food brands such as Gong-Cha and Ippudo, closed its first day of trading on the Singapore Exchange's (SGX) Catalist board at S$0.28 on Wednesday, up two cents, or 7.7 per cent from its initial public offering (IPO) price of S$0.26.

The counter opened at S$0.28 and traded within a range of S$0.27 to S$0.285 for the rest of the day. Some 15 million shares changed hands.