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KUALA LUMPUR: Oversea Enterprise Bhd, which owns and operates the Restoran Oversea chain, has received Bursa Malaysia Securities Bhd's approval to list on the ACE Market.
Oversea expects to be listed by the first quarter of 2010. OSK Investment Bank Bhd is the adviser, sponsor, underwriter and placement agent.
The group started with its pioneer Restoran Oversea outlet in Jalan Imbi, Kuala Lumpur in 1977. Since then, it has expanded to seven outlets in the Klang Valley and Ipoh. It also has a contemporary casual dining café under the "Tsim Tung" brand, and a specialty 'dim sum' outlet.
Oversea also manufactures specialty moon cakes and baked products namely egg rolls, oriental muffin and wedding biscuits, to complement its restaurant business.
Oversea expects to be listed by the first quarter of 2010. OSK Investment Bank Bhd is the adviser, sponsor, underwriter and placement agent.
The group started with its pioneer Restoran Oversea outlet in Jalan Imbi, Kuala Lumpur in 1977. Since then, it has expanded to seven outlets in the Klang Valley and Ipoh. It also has a contemporary casual dining café under the "Tsim Tung" brand, and a specialty 'dim sum' outlet.
Oversea also manufactures specialty moon cakes and baked products namely egg rolls, oriental muffin and wedding biscuits, to complement its restaurant business.
Oversea seems to be an attractive stock, for restaurant based company, it seems that only a few listed in ACE market, nor at the main market. Another point is, it is different from other listed restaurant company such as Kentucky and etc, which Oversea offered its unique core services and side products. Additional with its famous brand name and long established experience, I believe that Oversea can be considered a good choice to invest in it.
Restaurant Oversea Website: http://www.oversea.com.my/main.asp
Restaurant Oversea Website: http://www.oversea.com.my/main.asp
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