Equity Investment Singapore : Viz Branz relisting to pare down debt

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Moment refreshment producer Viz Branz, which was privatized from under four years prior, arrangements to relist once more.

The maker and merchant of moment grain and espresso under brands, for example, Gold Roast, Prime Roast, has stopped its preparatory plan before on Tuesday.

The organization was initially recorded in 2002 however taking after contrasts between its two key shareholders, one of them, Ben Chng, privatized the organization for $121.3 million in September 2013.

For the three months finished Dec 31 2016, the organization produced profit of $12.6 million on income of $45.3 million. In the year prior quarter, income came in at $7.1 million on income of $48.5 million.

The organization is in converses with set up a joint wander in Myanmar and will utilize some portion of the returns to reserve this wander which incorporates another creation line. It is likewise meaning to develop its market nearness in China.

The organization additionally plans to utilize $100 million continues from the inclining to pare down obligation owed to Maybank’s Singapore branch.

Viz Branz has a current $250 million term advance office and a $10 million rotating acknowledge office for the bank.

This posting is mutually organized by Maybank Kim Eng Securities and Credit Suisse (Singapore).

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