It aims to build a 7-storey facility to support its stalls and outlets.
Food & beverage store operator and manager Koufu Group is eyeing an initial public offering (IPO) in the Singapore Exchange (SGX). It lodged a preliminary prospectus in the Monetary Authority of Singapore (MAS).
According to the prospectus, it plans to establish an integrated facility in Singapore to its procurement, preparation, processing, and distribution functions to support for its F&B outlets and self-operated F&B stalls. It aims to develop as a seven-storey building on a land area of approximately 8,000 sqm and total gross floor area of approximately 20,000 sqm.
Proceeds of the IPO will go to the capex for the proposed facility, the revamp and construction of F&B outlets, and its expansion through joint ventures, strategic alliances, acquisitions or investment opportunities.
Koufu Group started out in 2002 as an owner of two food courts and one coffee shop. Currently, it has an outlet & mall management business, under which it operates 47 food courts, 14 coffee shops, one hawker centre, one commercial mall, and one food court in Macau.