Press Release
GS Holdings to Acquire Integrated Beverage Solutions Group, Octopus Distribution Networks, for S$11.8 Million
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/
About Author
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.
Israel, 28th Apr 2025 – The AI in startups has been booming. With artificial intelligence (AI) chatbots using natural language processing to create humanlike conversational dialogue, leading a wide revolution for many industries. AI is now everywhere and will continue to evolve fast opening new opportunities.
Eric Banoun Investments is now seeking entrepreneurs experimenting in the security space with AI. A fresh fund has been prepared focusing on solving large, pressing problems through innovation and technology.
Speaking to the media, Eric Banoun said: “The fund looks to attract its first set of startups by May and the initial rounds will be expected to close in June. We want to assist startups in a manner that they can multiply their success rate by ten folds and really create an impact in the security industry, creating massive impact to the cyber space”
Eric Banoun in the past has been a senior executive with a global track record in leading large-scale sales initiatives. As Global VP of Sales at NICE Systems, drove major projects and market growth worldwide. Co-founded Circles Technologies (acquired in 2014), and held VP roles at ECI Telecom and Orckit, expanding sales in Asia and globally. Early career included work with Boeing’s Interior Crashworthiness Division, partnering with leading airlines.
Eric now has a team which evaluates the startups and is now well-positioned to handle larger volume deals. They want to make this fund more accessible and inclusive for founders with a vision to improve security and defence.
Apply for investment through the website: https://ericbanoun.com/apply/
About Author
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.
Press Release
Trusted Roofers in Falkirk Deliver First-Class Roofing and Roughcasting Services with a Personal Touch
United Kingdom, 28th Apr 2025 – In the heart of Falkirk, a roofing company has been steadily building a reputation for quality, reliability, and local expertise. FK Roofing, located at 45 Vicar Street, is quickly becoming the go-to name for homeowners and businesses in need of professional roofing services in Falkirk. From minor roof repairs to full-scale installations and roughcasting, FK Roofing is proud to offer a complete range of services to protect and enhance homes across the region.
Led by a team of highly experienced tradespeople, FK Roofing has earned a loyal customer base by consistently delivering exceptional workmanship and outstanding customer service. With more than a decade of experience, the business is built on the belief that every customer deserves roofing solutions that are dependable, durable, and cost-effective.
Comprehensive Roofing Services Tailored to Every Need
As a fully accredited and insured roofing contractor, FK Roofing provides a comprehensive array of services that cater to both residential and commercial clients. Whether it’s an emergency roof repair following storm damage or a full slate or tile re-roofing project, the team has the tools, training, and tenacity to get the job done right the first time.
The company specialises in:
- New Roof Installations
- Roof Repairs
- Flat Roofing
- Slate and Tiled Roofs
- Roofline Systems (fascias, soffits, and gutters)
- Chimney Repairs and Removal
- Leadwork
- Emergency Callouts
For anyone searching for roof repairs in Falkirk, FK Roofing offers rapid response times, expert diagnosis, and long-lasting solutions. The team understands that a damaged roof can be both distressing and dangerous, which is why they prioritise urgent repairs with same-day or next-day service whenever possible.
“We know how important a secure roof is to your home,” says a spokesperson for FK Roofing. “That’s why we treat every job—big or small—as a top priority. Our goal is to keep homes safe, dry, and protected year-round.”
Expert Roughcasting Services in Falkirk
In addition to their roofing expertise, FK Roofing has also become a trusted name for roughcasting in Falkirk. The company’s roughcasting services are ideal for homeowners looking to upgrade the appearance and durability of their property’s exterior.
Roughcasting (also known as harling) not only enhances a home’s kerb appeal but also provides vital weatherproofing and insulation. FK Roofing uses high-quality materials and a meticulous application process to ensure a flawless and long-lasting finish.
“We take great pride in our roughcasting work,” says the company. “It’s not just about making homes look better—it’s about giving them the protection they need to withstand Scotland’s unpredictable weather.”
A Reputation Built on Trust and Transparency
One of the reasons FK Roofing stands out among roofers in Falkirk is their commitment to clear communication and honest pricing. From the initial consultation to the final inspection, customers are kept fully informed about the scope of work, timeframes, and costs.
All quotes are free, detailed, and no-obligation, with no hidden fees. The company also offers digital photo reports, allowing customers to see the exact issues with their roof or exterior before and after work is completed.
This customer-first approach has earned FK Roofing numerous five-star reviews across platforms such as Google and Facebook, with clients consistently praising the team’s professionalism, friendliness, and quality of workmanship.
One recent customer commented: “Fantastic service from FK Roofing. They came out quickly, gave a fair quote, and got the job done to a high standard. Wouldn’t hesitate to recommend them to anyone needing roofing services in Falkirk.”
Local Knowledge, Local Commitment
Being based right in the town centre at 45 Vicar St, FK Roofing is deeply connected to the Falkirk community. The company takes pride in supporting local employment, using locally sourced materials where possible, and maintaining strong relationships with other local businesses.
As a truly local business, FK Roofing understands the specific needs and challenges faced by homeowners in Falkirk and the surrounding areas. Whether it’s installing roofs designed to withstand high winds and heavy rain or advising clients on the best insulation methods, the team’s local knowledge is a major advantage.
“We live and work in the same community as our customers,” says the company spokesperson. “That means we care about our reputation and always aim to deliver work we can be proud of.”
Investing in the Future of Roofing
FK Roofing is committed to staying at the forefront of industry trends and techniques. The company regularly invests in training, safety certifications, and the latest tools and technologies to ensure the highest standards of roofing and roughcasting work.
As part of this forward-thinking approach, FK Roofing is also passionate about environmentally responsible practices. From waste recycling to recommending energy-efficient roofing materials, they help customers make sustainable choices that benefit their home and the planet.
Get in Touch with FK Roofing Today
Whether you’re dealing with a leaking roof, planning a home renovation, or simply want expert advice, FK Roofing is here to help. With a commitment to quality, value, and customer satisfaction, they are proud to be one of the most trusted names in roofing services in Falkirk.
To learn more or request a free quote, contact FK Roofing today:
Address: 45 Vicar Street, Falkirk, FK1 1LL
Email: info@fkroofing.co.uk
Phone: 01324 312 432
Mobile: 07922 104333
Website: https://fkroofing.co.uk
About FK Roofing
FK Roofing is a based roofing company offering a wide range of roofing and exterior services to residential and commercial clients. With a reputation for quality, professionalism, and fair pricing, they provide everything from roof repairs and new installations to expert roughcasting. Proudly serving Falkirk and surrounding areas, FK Roofing is fully insured, highly rated, and dedicated to delivering peace of mind through every project.
Media Contact
Organization: FK Roofing
Contact Person: John
Website: https://fkroofing.co.uk/
Email: Send Email
Country:United Kingdom
Release id:26875
View source version on King Newswire:
Trusted Roofers in Falkirk Deliver First-Class Roofing and Roughcasting Services with a Personal Touch
It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
About Author
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.
Your Personal Custom Live Football Notifications – Now in Your Pocket
Estonia, 28th Apr 2025 – StatisticSports.com, a leading provider of real-time sports data and analytics, proudly announces the launch of its brand-new mobile application for Android and iOS. Designed for both seasoned bettors and passionate football fans, the app delivers instant, fully customizable live football notifications—right when you need them most.
The StatisticSports App puts the power of precision betting into the palm of your hand. With real-time updates, odds shifts, lineup changes, in-play stats, and alert personalization, you’ll never miss a crucial moment again.
Key Features Include:
Live Football Alerts: Get real-time updates on goals, red cards, corners, and other game events.
Custom Notifications: Choose what matters to you—set alerts for specific teams, leagues, odds movements, and game milestones.
Smart Betting Insights: Stay ahead with data-driven insights and value-spotting tools powered by the StatisticSports platform.
User-Friendly Interface: Intuitive design that lets you set up alerts in seconds and stay focused on what matters—winning.
“We created this app to bring the power of our platform into a more accessible, on-the-go format,” said marketing team of StatisticSports. “Whether you’re betting live or just following your favorite teams, this app ensures you’re always in the know—anytime, anywhere.”
The StatisticSports App is now available for free download on the Google Play Store and Apple App Store.
Media Contact
Organization: StatisticSports.com
Contact Person: Andrew Angelopoulos
Website: https://statisticsports.com/
Email: Send Email
Country:Estonia
Release id:27040
View source version on King Newswire:
StatisticSports Launches New Mobile App for Android and iOS
It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
About Author
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.
Trusted Roofers in Falkirk Deliver First-Class Roofing and Roughcasting Services with a Personal Touch
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