SG-based V3 Brands Asia revives plans for Hong Kong IPO as earnings improve

V3 Brands Asia, the consumer brands segment of Singapore billionaire Ron Sim’s privately-held V3 Group, has revived plans to list on the Hong Kong bourse.

In a redacted prospectus filed on Feb. 28, V3 Brands Asia, the owner of brands such as the high-end massage chair maker OSIM and TWG Tea, did not disclose the pricing or size of its IPO. Goldman Sachs and China International Capital Corp (CICC) are the joint sponsors for the deal.

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