AFTER its deferred market listing, North Star Meat Merchants, Inc. is focusing on growing the business using funds from partners while waiting for the right time to hold an initial public offering (IPO). READ
“Rather than focusing on an IPO, with us just waiting for the right time, [we will] just focus on the fundamentals of the business,” North Star Chief Executive Officer Anthony Ng said in a recent interview with“So, rather, we would focus on improving right now the business itself, growing the business with the support of partners and banks, [since] the opportunity is there,” he added.
“If I had a magic genie, of course, we would like [the IPO] to be 2023, early 2024, but we cannot go against the situation. It’s global, it’s not even domestic,” he said. Mr. Ng also said that prices are increasing abroad and that there is a “supply crunch” locally, prompting North Star to stock up.
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