In today’s briefing:
- StubWorld: DFI Exits Robinson Retail
- IFBH Ltd Pre- IPO – Growth Driven by Coconut Water Products Amid High Concentration Risks
StubWorld: DFI Exits Robinson Retail
- Jardine Matheson (JM SP)‘s 77.8%-held DFI Retail Group (DFI SP) has sold its entire 22.2% stake in Robinsons Retail Holdings (RRHI PM) for ~US$283mn to “support its capital allocation strategy“.
- Preceding my comments on Matheson are the current setup/unwind tables for Asia-Pacific Holdcos.
- These relationships trade with a minimum liquidity of US$1mn, and a % market capitalisation >20%.
IFBH Ltd Pre- IPO – Growth Driven by Coconut Water Products Amid High Concentration Risks
- IFBH (IFBH HK) is looking to raise at least US$100m in its upcoming HK IPO.
- IFBH specializes in ready-to-consume beverages and food, with a focus on coconut water and plant-based products.
- In this note, we talk about the company’s historical performance.
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