Business summary

Cool Link (Holdings) is a Singaporean food importer whose main business is to supply a variety of food products to marine customers, including canned food and packaged beverages in the dry goods category, various frozen milk products, and frozen types of ice cream and frozen cakes and bean paste. The Group also distributes food to retail and food service customers, and also began expanding into value-added food processing in 2014, such as processed bread crumbs and mixed cheese.

Competitive advantage

The group has established a huge network of suppliers, which can purchase various products at competitive prices

The group focuses on delivery, storage and processing of milk products

Capable of providing value-added services, including round-the-clock delivery of services throughout the year

Risk Factors

The group will be adversely affected by any severe or prolonged interruption in refrigeration and refrigeration facilities

The Group relies on third party storage suppliers to store food

The group faces risks relating to food contamination or deterioration, and may be at risk of negative publicity, customer complaints, product liability claims, and potential lawsuits

Use of proceeds

Approximately 48.9% will be used to provide part of the capital to expand the Group's current warehousing business capacity

Approximately 16.5% is used for the business of expanding the Hong Kong Group

Approximately 29% was used to expand to new product lines, namely ice cream and shredded cheese

Approximately 5.6% is used as general working capital