Singapore Exchange : SGX Welcomes Katrina to Catalist

Singapore Exchange (SGX) today welcomed Katrina Group Ltd (Katrina) to Catalist under the stock code '1A0'.

Katrina is aSingapore-based food & beverage (F&B) group with multi-cuisine concepts. Katrina's brands serve cuisines of different ethnicity, ranging from Indonesian, Thai, Hong Kong, Yunnan, northern Chinese, Mexican to Vietnamese, catering to a wide spectrum of patrons and market segments.

With a history dating back to 1995, Katrina operates 32 restaurants in Singapore and two restaurants in the People's Republic of China, under nine different F&B brands, namely, Bali Thai, Streats, Honguo, So Pho, Indobox, Muchos, RENNthai, Bayang and Hutong.

Alan Goh, Founder, CEO and Executive Chairman of Katrina said, 'Katrina's listing today marks a whole new chapter in our corporate journey. We believe that our recipe for success and in remaining resilient over these years stem from offering a good variety of quality and mid-priced F&B concepts that appeal to a wide spectrum of patrons and different market segments.'

'Looking ahead, we intend to propel the business forward by capitalising on the positive prospects and opportunities in the F&B industry. We look forward to building a sustainable, long-term enterprise for the benefit of our stakeholders,' he added.

Mohamed Nasser Ismail, Head of Equity Capital Market (SME) and Head of Capital Market Development, SGX, said, 'We are pleased to welcome Katrina, an established F&B group founded more than 20 years ago, that today continues to ride on the wave of growing affluence and the burgeoning online food ordering and delivery industry. We look forward to partnering the company as it looks to further expand its F&B offering and widen its customer spectrum. '

'We are also pleased that Katrina had benefitted from SPRING's Capability Development Grant to enhance its internal control processes and investor relations capability prior to going public,' he added.

The listing of Katrina brings the total number of companies on Catalist to 182, with a combined market capitalisation of S$10 billion.

It will also join the group of consumer companies that currently make up the biggest proportion of SGX-listed companies. There are a total of 162 consumer companies listed on SGX, across subsectors such as Retail, F&B and Agri-commodities, with total market capitalisation of more than S$140 billion. Of these 162 consumer companies, 43 are in the F&B sector, with combined market capitalisation of S$35 billion.

Katrina opened at $0.36 today.