General Announcement::News Release: SGX welcomes RE&S Holdings to Catalist

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Securities
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
22-Nov-2017 09:18:19
Status
New
Announcement Sub Title
News Release: SGX welcomes RE&S Holdings to Catalist
Announcement Reference
SG171122OTHRFKWY
Submitted By (Co./ Ind. Name)
Jo-Ann
Designation
Senior Associate
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) today welcomed RE&S Holdings to Catalist under the stock code "1G1".

RE&S Holdings is a concept owner and operator of F&B outlets in Singapore and Malaysia that aims to provide customers with authentic Japanese cuisine and dining experiences. Established in 1988, its portfolio comprises 20 brands and more than 70 outlets, including full-service and quick-service restaurants as well as food kiosks.

Mr. John Yek, Executive Director and Chief Executive Officer of RE&S Holdings, said, "Today marks a key milestone for RE&S. As we celebrate our successful listing on SGX Catalist, we also commemorate our 30th anniversary in the Japanese F&B business. RE&S strives to inspire the Japanese cultural experience by bringing to customers a wide range of Japanese food and dining experiences, with quality ingredients and high food-safety standards. We are now ready for our next phase of growth. The listing will not only enlarge our capital base for continued expansion of our business, it will also enhance our visibility for potential opportunities to grow inorganically as we continue to deliver authentic Japanese cuisine and innovative dining experiences to our customers."

Mr. Mohamed Nasser Ismail, Head of Equity Capital Market (SME) and Head of Capital Market Development at SGX, said, "We are delighted to welcome RE&S Holdings to SGX Catalist. Today's listing is timely as increasing household incomes and a growing population indicate rising domestic consumption. It also offers investors more opportunities to participate in the F&B sector's growth story in Singapore and across South-East Asia. We look forward to supporting RE&S in their next phase of development."

With a market capitalisation of S$77.9 million, the listing of RE&S Holdings brings the number of companies on SGX's consumer cluster to 147, with a combined market capitalisation of more than S$150 billion. The total number of companies listed on Catalist rises to 197, with a combined market capitalisation of over S$12 billion.

RE&S Holdings opened at S$0.355 today.

Attachments

20171122_SGX_welcomes_RES_Holdings_to_Catalist.pdf
Total size =99K