SHENGSIONG $昇菘(OV8.SI)$ : WHAT IS THE SECRET TO THEIR BUSINESS?
One of the largest chain of supermarkets in Singapore is a 2.4 billion Singapore Dollars Company (as at 7 July 2021, share price was $1.57). Founded by the Lim brothers, Lim Hock Leng, Lim Hock Chee and Lim Hock Eng in 1985, the company was listed on the SGX in 2011 with an IPO price of $0.330.
In a competitive and narrow margin market, what is the secret to their business success? The second generation of the Lim family is now in the succession plan and can they continue to build and expand their business further?
Credit: https://www.youtube.com/watch?v=ciM4JIJ7sTA
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