Food Innovators Holding Limited
Food Innovators Holdings Limited ("FIH" or the "Company") is offering 14m shares at $0.22 each, for which 13m shares will be through placement and the remaining 1m shares via a Public Offer. The IPO will close on 14 Nov at 12 noon and starts trading on 16 Oct 9am. FIH has two business models - the first is to be a master lease and sublease the space to other tenants and the second is to operate and manage restaurants. The Company currently has 12 restaurants in Japan, 10 in Singapore and 4 in Malaysia. The market cap based on the IPO price is around $24.9m. Financial Highlights FIH's revenue grew from $37.8m in FY2022 to $43.8m in FY2024. It is quite funny to see that being a master land lease holder has a higher margin than operating the restaurants, once again illustrating the point that it is better to be a landlord to shake leg and collect rent. According to the prospectus, the PER is around 19x. The Company intends to pay 20% of its net profit after ...
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Apart from the usual raft of IPO equities which can be expected to be open to the public, there are some "IPOs" (to put it very loosely) of bonds and notes.
How open to the public such "IPOs" of bonds and notes are, is hard to say.
Is anyone vaguely interested in such bonds and notes, for instance, see the newspaper article below?
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Published January 04, 2013
Biosensors sets up S$800m MTN programme
ByLee Meixian print |email this article
The medical devices maker said the net proceeds from the note issues may be used to "fund new business opportunities, refinance existing borrowings and finance investments (including capital expenditure) and working capital requirements of companies within the Biosensors group - PHOTO: SPH
BIOSENSORS International Group Ltd on Friday said its wholly owned Biosensors Investment (Singapore) Pte Ltd has set up an S$800 million Multicurrency Medium-Term Note (MTN) programme to raise funds through note issuances.
The medical devices maker said the net proceeds from the note issues may be used to "fund new business opportunities, refinance existing borrowings and finance investments (including capital expenditure) and working capital requirements of companies within the Biosensors group."
It added that it has received in-principle approval from the Singapore Exchange to list the notes issued under the programme.
Each series of notes may be issued in Singapore dollars or in other currencies, amounts and maturities, and may comprise notes with fixed, floating or variable interest rates, it said.
Yes, of course.
But I was just thinking how incredibly stupid this practise is.
Anyone can happily obtain $2000 of REITS, but as for S$2000 of corporate bonds, well that's a completely different kettle of fish.
Why should that be? What an incredibly stupid practise.
Hey Mr IPO, good day to you.
I see the early edition of the newspapers carry the following story. (*see article below)
Most people will see that infrastructure projects, in asia, carry heavy funding requirements.
At the same time, as mentioned in comments above, I never-never-never understood what was so mysterious about bonds, and why bonds cannot be IPOed.
Bonds are not risk free, but done with a bit of common sense, are investible. But cannot go overboard with bonds either.
Then I see SGX wants to list infrastructure bonds. But I then see apparently bonds cannot be IPOed. Due to what reason? What the heck?
Anyway, lest we argue any further, here is the news article.
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Published January 08, 2013
Malaysia launches US$98m retail bond to fund rail project
print |email this article
The first of three lines for the MRT in the capital Kuala Lumpur will span 51 kilometres (32 miles) and be fully operational by July 2017. Project costs for the packages that have been awarded are estimated at 20 billion ringgit - PHOTO :REUTERS
KUALA LUMPUR - DanaInfra Nasional Bhd, a unit owned by Malaysia's Finance Ministry, on Tuesday launched a 10-year Islamic bond worth 300 million ringgit (US$98.6 million) aimed at retail investors to raise funds for the country's largest infrastructure project.
DanaInfra, which was created last year to facilitate funding for large infrastructure projects, will draw the amount from an 8 billion Malaysian ringgit bond program established to cover costs for the planned Mass Rapid Transit (MRT) rail system.
"The bonds launched today represent an opportunity for people to invest in, and profit from, the nation's development,"said prime minister Najib Razak at the launch of DanaInfra's bond, the first retail note to be issued on Malaysia's stock exchange.
The first of three lines for the MRT in the capital Kuala Lumpur will span 51 kilometres (32 miles) and be fully operational by July 2017. Project costs for the packages that have been awarded are estimated at 20 billion ringgit.
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ps : there were once listed corporate bonds in Singapore.
These bonds were simply known as Loan Stocks, or Convertible Loan Stocks.
Not so strange.
Just that it was a long time ago, and people either do not know or do not remember.
But yes, there were these "corporate-bonds" (loan stocks) in wider issue than they are currently now.