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Neo Group
Markets
The not-so-great pivot
Companies in Singapore have diversified and pivoted their businesses following the pandemic, to a host of mixed results.
June 28, 2024
Neo and wife assume substantial stake in JV partner Boldtek in married deal
Founder and CEO of Neo Group and wife take 8.21% stake in Boldtek; Standard Life Aberdeen trims Yoma Strategic stake to 5.998%.
April 16, 2021
Buyout
Neo Group founder to privatise company at 60 cents per share
Neo Group's founder is taking back his company.
March 30, 2021
Property
Boldtek Holdings subsidiary to purchase residential property at No. 8 Lorong 25A Geylang Road for $26.5 mil
An initial deposit of $200,000 has been paid on Dec 21, 2020.
January 06, 2021
Sector Focus
Appetites awaken as Covid-19 measures relax
With Phase 3 underway, how will the F&B market fare?
December 18, 2020
F&B sector
Neo Group to develop multiple income streams; expand along whole supply chain
Neo Group plans to expand along the whole F&B chain
October 02, 2020
Neo Group's chairman raises stake; PropNex's top shots go on a shopping spree
Neo Kah Kiat, chairman and CEO of caterer Neo Group, increased his stake in the company via two separate married deals on July 24. In the first tranche, he acquired 453,300 shares for $190,386 and in the second tranche, he acquired 2.2 million shares for
July 30, 2020
Neo Group's boss raises stake in married deal; Lian Beng's Ong family scoops up shares
SINGAPORE (Feb 21): Neo Kah Kiat, chairman and CEO of caterer Neo Group, bought 5.2 million shares via a married deal on Feb 13. He paid a total of $1.56 million, which works out to 30 cents per share – a significant discount to Neo Group’s closing p
February 21, 2020
Results
Neo Group doubles 3Q earnings to $3.5 mil
Neo Group has reported that earnings for its 3QFY2020 ended Dec 31 2019 doubled to $3.5 million. Revenue, in the same period, increased by 2.7% y-o-y to $50.8 million, as the company generated growth in its core catering busin
February 12, 2020
Investing ideas
Higher costs bite F&B earnings; overall pie growing, but shift towards lower end seen
SINGAPORE (Aug 19): In this latest earnings season, most of the local F&B stocks suffered huge losses. While revenue for most have increased, operating costs rose by a bigger quantum, causing a drag in earnings.
August 16, 2019