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8 December 2017
Singapore, 8 December 2017 – Nexia TS is pleased to announce that it has successfully supported RE&S Holdings Limited in its listing on SGX Catalist Board on 22 November 2017, placing out 38 million shares at $0.22 per share. RE&S Holdings Limited is a leading regional food service company with a diverse portfolio that includes quality restaurants and food manufacturing.
Nexia TS was appointed as the advisory firm supporting the IPO listing through its pre-IPO internal control review. DBS Bank was appointed the Sponsor, Issue Manager, Underwriter and Placement Agent for the listing.
Established in 1988, RE&S is a concept owner and operator of F&B outlets in Singapore and Malaysia that provide customers with authentic Japanese cuisine and dining experience. Since its incorporation, RE&S has grown from a single Fiesta restaurant into a network comprising its Corporate Headquarters which houses a Central Kitchen in Tai Seng, a procurement office in Japan, and more than 70 F&B outlets. Its portfolio comprises 20 distinct brands which cover the full spectrum of the Japanese dining segment, ranging from fine dining (Kuriya Dining) to family-style (Ichiban Boshi) and convenience (Kuriya Japanese Market).
“We are pleased with the successful listing of RE&S Holdings Limited and the advisory work performed by Nexia TS.”
Fenton Foo, Chief Financial Officer, RE&S Holdings Limited
“Our hearty congratulations to RE&S Holdings Limited for another key business milestone achieved! We are delighted that RE&S Holdings Limited has been successfully listed on SGX and would like to thank them for their vote of confidence in selecting Nexia TS to support them in the listing.”
Henry Tan, Managing Director, Nexia TS
About RE&S Holdings Limited:
RE&S was founded in 1988 by Osaka native Hiroshi Tatara, bringing a slice of Japanese lifestyle to Singapore with our Takahashi and Fiesta restaurants. As RE&S grew, we developed new brands and concepts like Kuriya, Shimbashi Soba, Kuishin Bo and Ichiban Boshi. Today, we’re a household name all over Singapore. Most recently, we’ve expanded our Japanese food production and distribution capabilities, adding dozens of food products on top of our current offerings. Our story, our future, is just beginning.
For more information, please visit www.res.com.sg.
About Nexia TS:
Nexia TS was founded in 1993 by two experienced chartered accountants – Henry Tan and Sitoh Yih Pin. After working as managers for one of the international accounting firms, they saw a vision and an opportunity to establish their own organisation – not any accounting firm – but one which is unique in their personalised and well-qualified expertise.
To date, Nexia TS is recognised as an established mid-tier local accounting firm. We have grown significantly in size over the years. Being an independent member firm of Nexia International, we are affiliated to accounting firms in many parts of the world. This means that our clients will get to enjoy personalised, comprehensive and quality services at competitive rates in Singapore and globally. Our reputation for quality has been recognised by clients and accounting professionals. As testimony to this, we are among the first few local accounting firms to be accredited by the Institute of Chartered Accountants in Australia to provide supervision of professionals undergoing traineeship to qualify as Chartered Accountants.
Headquartered in Singapore, Nexia TS has established a strong presence in various countries across the region. Nexia China is a one-stop centre providing advisory services for foreign-invested enterprises in China. NTS Malaysia and NTS Myanmar provide a full suite of corporate advisory services for our clientele with operations and new foreign investments in the respective countries. Nexia International is an international network of accounting and consulting firms with origins going back to 1971, making Nexia International one of the longest established networks. Currently, with more than 28,000 professional staff serving our clients at over 650 offices in 115 countries, it is ranked as the top 10 largest international accounting and consulting network.
For more details, please visit www.nexiats.com.sg.
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Nexia TS is a member firm of the “Nexia International” network. Nexia International Limited does not deliver services in its own name or otherwise. Nexia International Limited and the member firms of the Nexia International network (including those members which trade under a name which includes the word NEXIA) are not part of a worldwide partnership. Nexia International Limited does not accept any responsibility for the commission of any act, or omission to act by, or the liabilities of, any of its members. Each member firm within the Nexia International network is a separate legal entity.