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Koufu founders make S$0.77 per share cash offer to privatise company
The offer, made by an investment company incorporated by Koufu CEO Pang Lim and executive director Ng Hoon Tien, values the food court operator at S$425.8 million, which is 15 times Koufu’s pre-pandemic FY2019 earnings and 43 times its FY2020 earnings.