Singapore Exchange (“SGX”) is pleased to welcome the listing of JB Foods Limited on its Mainboard today, under the stock code of “Q0W”.
JB Foods is one of Malaysia’s major cocoa ingredient producers. Besides engaging in the production of cocoa ingredients, JB Foods also supplies and sells cocoa products to international trade houses and confectionary manufacturers worldwide. The company has various certification and awards to its name including the Best Cocoa Grinder Award 2010 and was one of the finalists of the Malaysian Commodities Industry Award 2011 for Best Manufacturing Factory.
Mr Tey How Keong (郑好强), Chief Executive Officer of JB Foods Limited said: “We are delighted with the positive response to our IPO, and our successful listing on Singapore Exchange today. As one of the major cocoa ingredient producers in Malaysia, we export our products worldwide to customers, including international trade houses, food and beverage companies and distributors of intermediate cocoa products. We believe our listing will enhance the public image of our Group and give added confidence to our customers, many of whom are publicly-listed companies, and enable us to grow in tandem with our global customers and capitalise on possible growth opportunities in China, India, Southeast Asia and Eastern Europe.”
“We are pleased to welcome JB Foods’ listing on SGX, adding to our respective pools of commodities and Southeast Asian companies. We look forward to JB Foods leveraging on our capital raising platform for their outreach to investors in support of their regional expansion,” said Mr Lawrence Wong, Head of Listings at SGX.