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17 February 2011 - CHEW'S GROUP LIMITED - ONE OF SINGAPORE'S LEADING PRODUCERS OF FRESH EGGS LAUNCHES ITS IPO ON SGX CATALIST

SINGAPORE: 17 February 2011 – Chew's Group Limited (the "Company"), a Singapore-based company, launched its initial public offering (the "IPO") today of 12,790,000 shares at S$0.25 each in conjunction with its listing on the SGX Catalist.

Chew's Group Limited together with its subsidiaries (collectively, the "Group"), is one of the leading producers of fresh eggs in Singapore, specialising in the production and sale of generic eggs and Designer Eggs which contain specific value-added nutrients. The Group is also engaged in the production and sale of liquid eggs as well as the trading of spent grains.

The offer in respect of 12,790,000 new shares ("Placement Shares") at S$0.25 is by way of placement.

The offer will open at 10.00 am on 17 February 2011 and close at 12.00 pm on 24 February 2011. The Placement Shares will, when issued and fully paid, rank pari passu in all respects with the existing issued shares of the Company.

Trading in the Company's shares on SGX Catalist is expected to commence at 9.00 a.m. on Monday, 28 February 2011. PrimePartners Corporate Finance Pte. Ltd. is the Manager, Sponsor and Sub-Placement Agent and Asiasons WFG Securities Pte Ltd is the Placement Agent.

Mr Chew Chee Bin, Executive Chairman of Chew's Group Limited., said: "Our Group's history can be traced back to 1975 when Chew's Poultry Farm Brother Company was established. Over the years, we have built a strong presence and brand-name in developing high quality, wholesome and safe eggs for consumers in Singapore. Our layer farm occupies a land area of 201,545.6 sq m or approximately 20 hectares and produces approximately 340,000 eggs per day."

Mr Chew added, "Our Group set up our own feed mill in 2000 so as to have better control over feed formulation. We strongly believe that the feed is a key factor in ensuring optimum productivity in layer farming. The nutritional content of the feed will have an influence on the health and nutritional level of the layers, the effects of which would flow down to the number and quality of eggs produced".

The Group places great emphasis on the safety and quality of its products to ensure that they are hygienic, safe and fresh for the end consumers. Disease prevention is of utmost importance in its layer farm. To date, there has been no mass outbreak of diseases amongst its chickens in the layer farm. This is because the Group implements strict quality control measures at every stage of its layer farm operations.

The Group implements a closed-housed system for its layer farm. It is an enclosed system with high biosecurity, built-in ventilation and strict entrance control which allows for easy maintenance of a more hygienic environment, whilst ensuring that the layers are isolated from other animals such as rodents and wild birds which may be predators or disease carriers.

The net proceeds attributable to the Group from the issue of the Placement Shares, after deducting the estimated expenses in relation to the placement, are estimated to be approximately S$2.04 million and are intended to be applied in the following ways:-

Copies of the Company's Offer Document and the application forms may be obtained on request, subject to availability during office hours, from PrimePartners Corporate Finance Pte. Ltd., 20 Cecil Street, #21-02 Equity Plaza, Singapore 049705 and Asiasons WFG Securities Pte Ltd, 5 Shenton Way #28-01, UIC Building, Singapore 068808.

Click Here to Download IPO Prospectus





Chew's Agriculture has been awarded the Singapore Brand Award in January 2011.