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Koufu

Stock Chart
Last Done 0.670
Change +0.010 (+1.52%)
Volume 162
Range 0.660 - 0.670

Koufu to acquire fried food and dough product supplier for S$22m

03 Jul 2020 09:00

By Rachel Chia

KOUFU Group has proposed to acquire Deli Asia, Delisnacks, Dough Culture and Dough Heritage for S$22 million.

The four companies make up the Deli Asia group, one of Koufu's biggest suppliers of fried food and dough products, said the mainboard-listed firm, which operates and manages food courts, coffee shops and a mall.

The Koufu group will fund the purchase using its internal resources, including net proceeds received from the company's initial public offering.

Founded by Alex Ong and his wife Irene Lee, the Deli Asia group supplies frozen and partially fried food products to restaurants and food and beverage (F&B) stalls at food courts, coffee shops and hawker centres.


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Source: Business Times
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