Fast food chain Old Chang Kee is one of seven local firms included in the list.
Snack chain Old Chang Kee is one of seven local firms included in Forbes Asia’s new Best Under A Billion List.
They were selected from a pool of around 20,000 listed firms in the region in sectors such as finance, semiconductors and food and beverage . It added that an expanding middle class and the return of tourists boosted the number of F&B companies on this year’s list to 21, more than double last year’s total, a trend underlined by the Singapore firms that made the rankings.
Another F&B company on the list is confectionery maker Delfi, a mainboard-listed firm known for its chocolate-based products like spreads and biscuits. Revenue surged by 13 per cent last year to US$538 million with net profit of US$46.3 million.
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