Baker Tilly's client, ST Group Food Industries Holdings Limited, debuts on SGX Catalist Board at S$0.26 per share

Singapore, 3 July 2019 – Baker Tilly is pleased to announce that it has successfully supported its client, ST Group Food Industries Holdings Limited, in its listing on the Singapore Exchange (SGX) Catalist Board on 3 July 2019. The Australian-headquartered food and beverage (F&B) firm debuts at S$0.26 per share with an expected market capitalisation of approximately S$64 million.

Baker Tilly acted as the Independent Auditor and Reporting Accountant for ST Group Food Industries Holdings Limited’s Initial Public Offering (IPO). The listing marks a significant milestone for the F&B group to enhance its access to capital markets to fund the expansion of its franchise network and central kitchens, as well as to enhance the visibility of its portfolio of brands across key geographical markets.  

ST Group Food Industries Holdings Limited has a diversified portfolio of six international brands comprising PappaRich, NeNe Chicken, Gong Cha, Hokkaido Baked Cheese Tart, IPPUDO and iDarts, as well as two own-brand concepts, PAFU and KURIMU, in various territories in Australia, New Zealand, Malaysia, and the United Kingdom.

Mr Saw Tatt Ghee, ST Group Food Industries Holdings Limited: 
“Baker Tilly demonstrated the highest level of professionalism as the Reporting Accountant for our IPO on the Singapore Exchange. We are glad to partner with Baker Tilly as ST Group Food Industries Holdings Limited embarks on its strategic business expansions across key geographical markets.”

Ms Saw Lee Ping, ST Group Food Industries Holdings Limited: 
“Great experience with the Baker Tilly team – they are responsive and efficient, with very good knowledge of SGX’s listing rules and requirements. Joshua and See Mun collaborated seamlessly with their Baker Tilly counterparts in Australia and Malaysia in delivering results.”

Mr Joshua Ong, Baker Tilly in Singapore: 
“We are pleased to be part of the team achieving this significant milestone for ST Group Food Industries Holdings Limited. We thank Tatt Ghee and Lee Ping for their trust and confidence in partnering with Baker Tilly for the IPO.”

-Ends- 

About Baker Tilly in Singapore

Baker Tilly is a leading accounting firm in Singapore, providing expert audit and assurance, tax advisory, compliance, and business consulting services. As a trusted audit firm in Singapore, we support SMEs, entrepreneurs, listed companies, and non-profit organisations with tailored, industry-specific strategies that drive sustainable growth.  As an independent member of Baker Tilly International, one of the world’s top global accounting networks, we combine deep local expertise with international insights to help clients navigate Singapore’s complex regulatory environment and achieve long-term success.