Osim owner, V3, reorganises structure following Hong Kong IPO application by subsidiary

67

SINGAPORE – V3 Group, which owns manufacturers resembling Osim and TWG Tea, introduced on Tuesday (March 8) a brand new group structure to assist its continued progress.

Led by businessman Ron Sim, the group now includes three core enterprise models – V3 Brands, V3 Capital and V3 Assets – which maintain its property within the well-being, luxurious gourmand, capital markets, actual property and built-in healthcare providers segments.

V3 Brands will deal with the possession and creation of manufacturers within the well-being and luxurious gourmand segments in Asia and around the globe.

Its subsidiary V3 Brands Asia filed an application on Feb 28 for an preliminary public providing on the principle board of Hong Kong’s inventory change.

Other holdings in V3 Brands embody wellness dietary supplements model LAC, retailer fixtures specialist Futuristic Store Fixtures, and a stake in halal-certified cheesecake retailer Cat & the Fiddle.

V3 Brands additionally owns the V3 Gourmet unit, which holds manufacturers resembling luxurious tea model TWG Tea, espresso boutique Bacha Coffee and Mediterranean restaurant Le Cabestan in Casablanca, Morocco.

Osim listed on the Singapore Exchange in 2000 however delisted in 2016 when its founder, Mr Sim, took the corporate non-public.

In 2018, Mr Sim allowed the group’s Hong Kong itemizing application to lapse amid intense volatility and weak point within the world inventory market.

V3 Capital will “seek thematic investment opportunities” within the world markets. With a mandate for each conventional and different investments, the unit has the pliability to interact with a variety of constructions and autos.

V3 Assets holds pursuits in enduring actual property property and built-in healthcare providers.

The unit is a major shareholder in built-in actual property and healthcare firm Perennial Holdings, which focuses on large-scale, mixed-use developments in Asia. Perennial can be an built-in healthcare providers proprietor, operator and supplier in China.

Mr Sim, V3 Group’s government chairman, mentioned the manufacturers and companies below the group carried out nicely in 2021, underscoring its progress potential and resilience regardless of an ongoing Covid-19 pandemic.

“The establishment of our key business units will further sharpen our business building approach, strengthen our focus and give us added flexibility as we pursue growth,” he mentioned.

Private fairness large KKR accomplice Jaka Prasetya mentioned within the V3 announcement: “We strongly believe in the continued growth of Asia’s consumer sector. This reorganisation by V3 Group will further enhance its ability to build brands and capture opportunities across Asia and beyond.”

Comments are closed.

buy levitra buy levitra online