JB FOODS LIMITED
Industry Context
This company is tracked across risk categories, including those related to its sector (e.g., Groceries and Related Products, Not Elsewhere Classified), including supply chain integrity, ESG practices, labor disputes, and regulatory compliance.
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Recent Articles about JB FOODS LIMITED
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(theedgemalaysia.com)
JB Foods' debut sets stage for Guan Chong on SGX
KUALA LUMPUR: Johor-based cocoa ingredients producer JB Foods Ltd rose as much as 40% in its Singapore debut on Monday before settling at 13% above its 30 Singapore cent (76 sen ) IPO price — setting the stage for Guan Chong Bhd, a company belonging to a different branch of the family, that is looking to dual-list its shares on the Singapore Exchange (SGX) within a fortnight. At the time of writing, book-building was still ongoing for Guan Chong, which is looking to sell about 18% of its enlarged share base in the secondary offering in Singapore. Half the 62 million shares to be sold are existing shares from its shareholders, which means only half the proceeds goes to the company. Sweetening Guan Chong's share sale is a 1-for-2 bonus issue, to be done for all shareholders after the listing. Will the offering attract good demand from investors? Is the demand for JB Foods shares a good measure for Guan Chong? On the face of it, JB Foods' public offer was 5.1 times oversubscribed. However, subscription
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