FIH lodges preliminary offer document for SGX listing, IPO

IPO proceeds will fund overseas expansion and acquire rights for new themed restaurants in Japan.

Food Innovators Holdings (FIH) has lodged its preliminary offer document for the upcoming initial public offering (IPO) and listing on the Catalist of the Singapore Exchange Securities Trading Limited (SGX-ST).

FIH operates two major business divisions which are the restaurant leasing and subleasing business (RLSB) and the food retail business (FRB).

The IPO proceeds will primarily fund acquiring rights to operate additional themed restaurants in Japan and introduce new Japanese food brands to Singapore and Malaysia.

The company also plans to expand its FRB outside Japan through entry into new collaborations with Japanese restaurant operators.

FIH said there is no assurance the proposed listing will materialise and will announce any material developments as appropriate, subject to regulatory requirements.