Hot stock: Katrina surges on tie-up with HK's Ajisen

SHARES of F&B operator Katrina Group rose on Thursday after the company said it has entered into a non-binding memorandum of understanding with Hong Kong-listed restaurant chain operator Ajisen (China) Holdings.

The stock was up two Singapore cents, or about 9 per cent, to S$0.235 as at 11.20am. About a million shares changed hands.

Under the agreement, the parties will collaborate in opening restaurants under the brand "So Pho" in Hong Kong and China.