Let's Talk: 15 Must Know Information About OTS Holdings Ltd
Not Vested Yet.
This is a new series that I hope to bring unknown companies to people attention - if I ever write more lah! I may not necessary invest in these companies, but its always good to discuss about them.
Today I am going to write about a Singapore IPO. I never really look at an IPO before, but this caught my eyes because (1) it is a business that is selling ready-to-eat and ready-to-cook meat products in Singapore and Malaysia, (2) we know how this kind of business has been booming during this pandemic, and (3) demand for such products, in my opinion, can be deem “recurring” – people tends to go back to brands of a particular food constantly because of familiarity in taste and unwillingness to switch.
The Offering and The Business
1. Details of Offering – OTS Holdings will be offering 41.0 million ordinary shares at S$0.23, with ONLY 1.0 million ordinary shares by way of public offer – which already ended on 15 Jun 21. Trading starts at 9am on 17 Jun 21.
2. The Business – OTS Holdings manufactures ready-to-eat and ready-to-cook meat products in Singapore and Malaysia, with manufacturing facilities in Singapore and Indonesia. Their brands includes Golden Bridge, Kelly's, Golden Lion, Orchid, El-Dina and food service brand Kiziq through, Ellaziq Singapore, a halal food specialist. Their biggest customers, NTUC FairPrice and Sheng Siong, contributes 26.4% to the Group’s FY2020 revenue.