SINGAPORE (Jan 22): Koufu Group, the operator of food courts and coffeeshops in Singapore, has won over a strategic investor with strong track record in the consumer sector.

In an off-market married deal, boutique fund investor Albizia Capital acquired over 20 million shares at Koufu’s initial public offering price of 63 cents per share or $12.6 million in total. This represents 3.6% of Koufu’s issued and paid up shares.

Of these, 7 million shares were bought over directly from Jun Yuan Holdings, Koufu’s controlling shareholder, which is 50% owned by Pang Lim and 50% owned by Ng Hoon Tien. The acquisition of the remaining majority of 13 million shares was from other shareholders.

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