The Abraaj Group, a Dubai-based private equity firm, has exited its investment in the restaurant chain Hot Pot by floating its shares on the Thai stock exchange.
The share sale was more than three times oversubscribed, Abraaj said. The group first invested in Hot Pot's parent company, Suki Shabu, in 2006.
Since then revenues have grown by about 25 per cent annually, with the average number of customers per month jumping to 570,000 from 250,000.
"Achieving such a heavily oversubscribed share offering in what has been a globally weak IPO market is a great result," said Omar Lodhi, an Abraaj senior partner.
This is the third time Abraaj has sold one of its investments in South East Asia this year. It previously sold its stake in the Indonesian sweets company Yupi and exited its investment in Cirtech Electronics by selling shares on the Philippine Stock Exchange.
Abraaj's other investments include Mediaquest in the UAE and Al Borg Laboratories in Egypt.
lgutcher@thenational.ae
Results
Stage seven
1. Tadej Pogacar (SLO) UAE Team Emirates, in 3:20:24
2. Adam Yates (GBR) Ineos Grenadiers, at 1s
3. Pello Bilbao (ESP) Bahrain-Victorious, at 5s
General Classification
1. Tadej Pogacar (SLO) UAE Team Emirates, in 25:38:16
2. Adam Yates (GBR) Ineos Grenadiers, at 22s
3. Pello Bilbao (ESP) Bahrain-Victorious, at 48s
The%20specs
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Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
Company%20Profile
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The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
COMPANY%20PROFILE
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Kandahar%20
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LOVE%20AGAIN
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Pathaan
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Your Guide to the Home
- Level 1 has a valet service if you choose not to park in the basement level. This level houses all the kitchenware, including covetable brand French Bull, along with a wide array of outdoor furnishings, lamps and lighting solutions, textiles like curtains, towels, cushions and bedding, and plenty of other home accessories.
- Level 2 features curated inspiration zones and solutions for bedrooms, living rooms and dining spaces. This is also where you’d go to customise your sofas and beds, and pick and choose from more than a dozen mattress options.
- Level 3 features The Home’s “man cave” set-up and a display of industrial and rustic furnishings. This level also has a mother’s room, a play area for children with staff to watch over the kids, furniture for nurseries and children’s rooms, and the store’s design studio.
SCHEDULE
Thursday, December 6
08.00-15.00 Technical scrutineering
15.00-17.00 Extra free practice
Friday, December 7
09.10-09.30 F4 free practice
09.40-10.00 F4 time trials
10.15-11.15 F1 free practice
14.00 F4 race 1
15.30 BRM F1 qualifying
Saturday, December 8
09.10-09.30 F4 free practice
09.40-10.00 F4 time trials
10.15-11.15 F1 free practice
14.00 F4 race 2
15.30 Grand Prix of Abu Dhabi
BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5