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GS Holdings to Acquire Integrated Beverage Solutions Group, Octopus Distribution Networks, for S$11.8 Million

Published

6 months ago

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Accretive acquisition that is synergistic to the Group’s business model and expected to yield significant opportunities and additional financial benefits. Bringing a wealth of expertise and talent that enhances the Group’s leadership and experience in the F&B industry. The Group recently completed a rights issue that was oversubscribed with net proceeds of S$8.4 million raised for future expansion and working capital.

On the left: Independent and Non-Executive Chairman of GS Holdings Limited, Mr Irwin Lim

On the right: Founder and Chairman of Octopus Distribution Networks Pte. Ltd., Dato Elaine Teh

SINGAPORE, 23 October 2024 – GS Holdings Limited (“GS Holdings” or the “Company” or “伟盛有限公司” and together with its subsidiaries, the “Group”), is pleased to announce that the Group has signed a binding agreement to acquire Octopus Distribution Networks Pte. Ltd. (“Octopus Distribution Networks”), a Singapore-based integrated beverage solutions group, for a purchase consideration of S$11.8 million.

GS Holdings’ Independent and Non-Executive Chairman, Mr Irwin Lim Kee Way, said, “We are pleased to announce the acquisition of Octopus Distribution Networks, which provides the Group with immediate access to new customer base and operating scale within the beverage sector in Singapore’s F&B industry.

Led by Dato’ Elaine Teh, the team at Octopus Distribution Networks has built an exceptional business enterprise that is dedicated to operational excellence and customers satisfaction for over 13 years.

With fully in-place infrastructure, including personnel and distribution networks, Octopus Distribution Networks has differentiated itself with unique value propositions and a strong base of customers, and we believe that there are significant opportunities for growth in existing and new markets.

I trust this next step in our journey together will be incredibly positive for the Group.”

Octopus Distribution Networks’ Founder and Chairman, Dato’ Elaine Teh, added, “Today’s announcement marks a major step forward in our growth ambitions within the region’s F&B industry.

With the combined expertise, experience and resources, we will continue to build strong relationships with our customers and delivering value that consistently exceed expectations.

Together with GS Holdings, we are excited about accelerating the growth of our businesses and delivering results for years to come.”

Accretive acquisition that is synergistic to the Group’s business model and expected to yield significant opportunities and additional financial benefits

Founded in 2011 by serial entrepreneur Dato’ Elaine Teh Chooi Peng (“Dato’ Elaine Teh”), Octopus Distribution Networks has grown to become one of the leading integrated beverage solutions group in Singapore, providing a “one-stop” solutions hub, in the area of brand management, import, export, distribution, logistics and warehousing of alcoholic and non-alcoholic beverages and liquor, for both customers and beverage brand owners.

For customers, Octopus Distribution Networks represents an extensive portfolio of globally recognised beverage brands with various exclusive distribution rights. Currently, Octopus Distribution Networks has a product portfolio of more than 1,500 SKUs across approximately 200 beverage brands from 50 global brand owners. Octopus Distribution Networks also provides customised services that cater to the demands of both corporate and individual clients.

For beverage brand owners, Octopus Distribution Networks has become a trusted partner and a preferred beverage distributor in Singapore with a comprehensive distribution network comprising strategic distribution centres and third-party wholesalers in Singapore. With a deep understanding of the Singapore market, Octopus Distribution Networks also provides other value-added services, including market expansion strategies and customer engagement solutions, that aims to enable brand owners to quickly build brand loyalty and market share in Singapore.

Bringing a wealth of expertise and talent that enhances the Group’s leadership and experience in the F&B industry

Under the acquisition agreement, Dato’ Elaine Teh will become a controlling shareholder of GS Holdings and it will also bring on a professional management team with 80 years of collective experience in the beverage distribution industry to the Group.

Dato’ Elaine Teh is a serial entrepreneur with an accomplished business track record in various business ventures in Singapore, Malaysia and Australia.

Besides her current role as Founder and Executive Chairman of Octopus Distribution Networks, Dato’ Elaine Teh also holds multiple executive-level roles in various companies in different countries.

She is a Non-Executive Director of ASX-listed Australian Vintage Ltd, a leading Australian wine and drinks company, where their diversity of regions, broad portfolio of global brands, production capabilities and established winemaking pedigree have resulted in its brands being recognised and available in over 40 countries. Dato’ Elaine Teh is also the Founder & Executive Chairman of Etagreen Group in Malaysia, which is the owner and operator of a zero-waste biomass power plant in Perak, Malaysia, with assets of more than RM140 million.

In addition to her business roles, Dato’ Elaine Teh is actively involved in various business councils that nurture women entrepreneurs, promote gender diversity and inclusion, develop greater business collaborations and engagement with government agencies. Philanthropy is also something Dato’ Elaine Teh holds close to her heart, and she has generously facilitated several community building causes and initiatives across Southeast Asia with her time and resources.

Supporting Dato’ Elaine Teh as part her management team at Octopus Distribution Networks is Managing Director, Mr Matthew Ruscoe, who has been a trailblazer in Asia’s F&B and marketing industry for more than 12 years. With deep industry experience and strong regional network from his previous roles as the Regional Sales Director of Kerry Group and the Sales Director of Carlsberg Myanmar, Matthew undertakes a pivotal role in managing Octopus Distribution Networks’ marketing activities, supply chain operations and driving its strategic initiatives forward.

None of the Directors or substantial shareholders of the Company, as well as their respective associates, has any direct or indirect interest in the transaction stated here, other than through their respective shareholdings (if any) in the Company.

About GS Holdings Limited

(Bloomberg Code: GSHL:SP / Reuters Code: GSHO.SI / SGX Code: 43A)

GS Holdings Limited (“GS Holdings”) was incorporated in Singapore on 19 September 2014 and listed on Catalist on 18 January 2016.

With an aim to diversify its business model and create additional streams of income, GS Holdings has expanded into various business ventures in the food and beverage (“F&B”) industry. To harness its growth opportunities, GS Holdings is looking to further expand its brand presence across Asia and beyond via new franchising, licensing and distribution models.

For more information, please visit https://gsholdings.com.sg/.

This press release is to be read in conjunction with the Company’s announcement released on 23 October 2024, which can be downloaded via www.sgx.com.

Issued on behalf of GS Holdings Limited by 8PR Asia Pte Ltd.

Media Contact:
Company Name: 8PR
Contact Person: Alex Tan
Email: alex.tan@8prasia.com
Country: Singapore
Website: https://gsholdings.com.sg/

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Press Release

Giat Nem Binh Duong: Professional Cleaning Solutions for a Healthier Home

Published

4 hours ago

on

April 11, 2025

By

Vietnam, 11th Apr 2025 – Giat Nem Binh Duong is proud to lead the way in professional mattress cleaning services, creating cleaner, safer, and more comfortable living spaces for thousands of families and businesses across Binh Duong Province, Vietnam. Our mission is to improve quality of life through advanced cleaning solutions, and we are committed to delivering exceptional customer satisfaction.

Founded to meet the rising need for high-quality mattress and upholstery cleaning, Giat Nem Binh Duong serves households, offices, hotels, and restaurants. Our brand stands for reliability, dedication, and cutting-edge cleaning technology. With a team of highly trained professionals and a streamlined process, we’ve earned the trust of our community by consistently delivering outstanding results. 

Giat Nem Binh Duong: Professional Cleaning Solutions for a Healthier Home

Giat Nem Binh Duong is a brand of Sao Viet cleaning company. We offer a full range of cleaning services designed to meet diverse needs:

  • At-home mattress cleaning: Using advanced hot steam technology, we eliminate up to 99.9% of bacteria, mold, and dirt, ensuring a spotless mattress.
  • Sofa and curtain cleaning: Our deep-cleaning process removes odors and stains while preserving fabric quality and color.
  • Disinfection and deodorization: We create a safe, allergen-free environment, ideal for families with children or those with sensitivities.
  • Routine maintenance plans: Our services help extend the life and appearance of mattresses and furniture.

More detail about services: https://giatnembinhduong.com/dich-vu 

All our cleaning solutions are environmentally friendly and safe for your health. We work efficiently at your location, saving you time and hassle.

Giat Nem Binh Duong proudly served all of Binh Duong province, including key areas like Thu Dau Mot, Thuan An, Di An, Ben Cat, and Tan Uyen, as well as nearby industrial zones. We focus on fast, reliable service, ensuring top-quality cleaning is always within reach, no matter where you are in the region.

At Giat Nem Binh Duong, our customers come first. We provide premium services at fair, transparent prices with no hidden costs. Your satisfaction is our priority, and we strive to exceed expectations with every job.

Contact Information of Giat Nem Binh Duong

To learn more or book a cleaning appointment, please contact us:

Media Contact

Organization: Giat Nem Binh Duong

Contact Person: Giat Nem Binh Duong

Website: https://giatnembinhduong.com

Email: Send Email

Country:Vietnam

Release id:26378

View source version on King Newswire:
Giat Nem Binh Duong: Professional Cleaning Solutions for a Healthier Home

It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

Trend Crown Store Ushers in a New Era of Trendy Online Shopping

Published

4 hours ago

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April 11, 2025

By

United States, 11th Apr 2025 – Trend Crown Store, a dynamic new player in the world of eCommerce, is thrilled to announce its official launch, bringing a curated shopping experience to customers across the United States. The online store offers a wide array of trendy lifestyle products, fashion accessories, gadgets, home goods, and more—all with a touch of flair and affordability.

Trend Crown Store was born from the idea that shopping online should be fun, stylish, and ever-evolving. The team behind the store closely monitors global fashion and lifestyle trends to deliver an ever-fresh inventory that resonates with people of all ages. Whether you’re looking for the latest tech gadgets, eye-catching jewelry, fashion-forward items, or clever home solutions, Trend Crown Store ensures that its customers have access to the most talked-about and trend-worthy products on the market.

“We want Trend Crown Store to be more than just a shopping site,” said the company’s spokesperson. “It’s a community where shoppers can express their unique style, discover cool and practical finds, and feel excited about every purchase they make. We’re here to provide products that spark joy and turn heads.”

Trend Crown Store’s easy-to-navigate website is designed for a seamless shopping experience. Customers enjoy secure payment processing, regular deals and promotions, and reliable shipping across the U.S. The store’s customer service team is responsive and ready to assist, creating a shopping environment that values satisfaction and trust.

What truly sets Trend Crown Store apart is its dedication to value. The team works directly with top-rated suppliers to offer customers high-quality products at prices that won’t break the bank. New arrivals are added frequently, keeping shoppers engaged and eager to return for more.

Additionally, Trend Crown Store takes pride in embracing a modern aesthetic. From bold and playful designs to sleek and minimalist pieces, there’s something for every taste and personality. The brand encourages self-expression through style, offering products that let customers show off who they are.

With the booming growth of online shopping, Trend Crown Store enters the market at the perfect time—ready to captivate a generation that values fast delivery, fashion-forward selections, and customer-first policies.

The store’s message is simple: Shop the trend. Wear the crown.

To explore the latest trends and products, visit https://trendcrown.store/

About Trend Crown Store:
Trend Crown Store is an online shopping destination that blends trendiness with affordability. Founded with a passion for fun and fashionable finds, the company provides a carefully curated selection of lifestyle, tech, fashion, and home products for customers across the United States. Committed to offering an exciting and seamless shopping experience, Trend Crown Store helps shoppers stay on top of trends and express their individuality.

Media Contact

Organization: Trend Crown Store

Contact Person: Support Team

Website: https://trendcrown.store/

Email: Send Email

Country:United States

Release id:26380

View source version on King Newswire:
Trend Crown Store Ushers in a New Era of Trendy Online Shopping

It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Cloud PR Wire

See author's posts

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Press Release

Giat Nem Binh Duong: Professional Cleaning Solutions for a Healthier Home

Published

4 hours ago

on

April 11, 2025

By

Vietnam, 11th Apr 2025 – Giat Nem Binh Duong is proud to lead the way in professional mattress cleaning services, creating cleaner, safer, and more comfortable living spaces for thousands of families and businesses across Binh Duong Province, Vietnam. Our mission is to improve quality of life through advanced cleaning solutions, and we are committed to delivering exceptional customer satisfaction.

Founded to meet the rising need for high-quality mattress and upholstery cleaning, Giat Nem Binh Duong serves households, offices, hotels, and restaurants. Our brand stands for reliability, dedication, and cutting-edge cleaning technology. With a team of highly trained professionals and a streamlined process, we’ve earned the trust of our community by consistently delivering outstanding results. 

Giat Nem Binh Duong: Professional Cleaning Solutions for a Healthier Home

Giat Nem Binh Duong is a brand of Sao Viet cleaning company. We offer a full range of cleaning services designed to meet diverse needs:

  • At-home mattress cleaning: Using advanced hot steam technology, we eliminate up to 99.9% of bacteria, mold, and dirt, ensuring a spotless mattress.
  • Sofa and curtain cleaning: Our deep-cleaning process removes odors and stains while preserving fabric quality and color.
  • Disinfection and deodorization: We create a safe, allergen-free environment, ideal for families with children or those with sensitivities.
  • Routine maintenance plans: Our services help extend the life and appearance of mattresses and furniture.

More detail about services: https://giatnembinhduong.com/dich-vu 

All our cleaning solutions are environmentally friendly and safe for your health. We work efficiently at your location, saving you time and hassle.

Giat Nem Binh Duong proudly served all of Binh Duong province, including key areas like Thu Dau Mot, Thuan An, Di An, Ben Cat, and Tan Uyen, as well as nearby industrial zones. We focus on fast, reliable service, ensuring top-quality cleaning is always within reach, no matter where you are in the region.

At Giat Nem Binh Duong, our customers come first. We provide premium services at fair, transparent prices with no hidden costs. Your satisfaction is our priority, and we strive to exceed expectations with every job.

Contact Information of Giat Nem Binh Duong

To learn more or book a cleaning appointment, please contact us:

Media Contact

Organization: Giat Nem Binh Duong

Contact Person: Giat Nem Binh Duong

Website: https://giatnembinhduong.com

Email: Send Email

Country:Vietnam

Release id:26378

View source version on King Newswire:
Giat Nem Binh Duong: Professional Cleaning Solutions for a Healthier Home

It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

file

About Author

Cloud PR Wire

See author's posts

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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