Katrina Group climbs 83% on trading debut
SHARES of food and beverage firm Katrina Group on Tuesday surged 83 per cent to $0.385 on its trading debut from its initial public offering (IPO) price of $0.21.
Nearly 22 million shares changed hands as at 10.13am.
The Catalist-listed group placed out 35.8 million new shares to raise gross proceeds of $7.5 million.
Katrina started off as a small stall named Katrina Nasi Padang at the Junction 8 shopping mall's Food Junction.
It now owns and operates 32 restaurants in Singapore and two in China.
The Katrina Group has nine brands - Bali Thai, RENNthai, So Pho, Bayang, Indobox, Honguo, Hutong, Streats and Muchos.
They serve cuisines such as Thai, Vietnamese, Indonesian, Hong Kong, Yunnan and Mexican.
Four of the brands - Bali Thai, Streats, So Pho and Indobox - are halal-certified.
It plans to open at least two restaurants in Kuala Lumpur within the next 12 months under the So Pho and Streats brands.
THE BUSINESS TIMES