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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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QT Vascular - Placement results

The placement results for QT Vascular throw up an interesting surprise.

In addition to the substantial shareholders who continue to support the company such as EDB and Johnson and Johnson, there is a new shareholder just below 5%, Asdew.

Asdew Acquisition - Alan Wang took a very substantial stake in the Company. He is the same person behind very Hankore placement before it more than doubled from 5c.

There is another investor called Havenport which I have previously blog about, founded by the team at Legg Mason.

Let's see if the 2 new substantial shareholders can perform some magic to the counter.
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KLSE Stock Analysis said…
Are this placement results regularly updated or it tool more than a week for you to post something about this.
20 July 2015 at 19:12
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