OREANDA-NEWS. Singapore Exchange (SGX) today welcomed Jumbo Group Limited (Jumbo) to Catalist under the stock code “42R”.  

Jumbo is a home-grown company that owns, operates and licenses a network of food and beverage (F&B) outlets across Singapore, China and Japan.

In addition to its Jumbo Seafood chain of restaurants, Jumbo owns other F&B brands including JPOT, Ng Ah Sio Bak Kut Teh and Chui Huay Lim Teochew Cuisine.  The Group also provides catering services in Singapore and retails its own brand of packaged sauces and spice mixes for its signature dishes.

Ang Kiam Meng, CEO and Executive Chairman of Jumbo Group Limited, said, “Jumbo’s listing on Catalist today marks a key milestone in our exciting corporate journey since our flagship Jumbo Seafood outlet was first launched at the East Coast Seafood Centre in 1987. The IPO provides us not only with the funds to bolster our operational capabilities and grow our presence in Singapore and the PRC, but also a wider platform for the exposure of our brands while attracting talents. By staying true to our philosophy of “Bonding People Through Food”, we aim to delight our customers through quality food and service, which we believe will translate into greater shareholders’ value.”

Mohamed Nasser Ismail, Head of SME Development & Listings, SGX, said, “We are excited to welcome Jumbo, a well-known seafood restaurant chain in Singapore. Jumbo is a prominent player in the Singapore F&B scene. We look forward to supporting its growth story as it embarks on its next phase of expansion.”

The listing of Jumbo Group Limited brings the total number of F&B companies on SGX to 43, with a combined market capitalisation of S$30 billion. Following the listing, there are 169 companies listed on Catalist with a total market capitalisation of over S$9 billion.

Jumbo Group Limited opened at $0.35 today.