Jul 27, 2016

    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.