Initial Public Offering for Star Combo Pharma Limited
Star Combo (ASX:S66) is an Australian based manufacturer and distributor of vitamins, dietary supplements and skincare products, serving both domestic and a growing number of offshore markets.
Prior to listing on the ASX, the Star Combo group received significant investment from Lepu Medical (Europe) Cooperatief U.A. Funds raised through the IPO will assist with:
- Growing its branded product segment
- Expanding its factory utilisation
- Selling its products into new sales channels
- Repayment of borrowings in full.
Star Combo engaged BDO as Independent Accountant, Independent Tax Advisor and Auditor. Market Capitalisation at listing was $38m.
“I am very glad that we engaged the BDO team as they were pivotal in ensuring the success of the Star Combo IPO. The BDO team worked alongside the other advisors in a professional and dedicated manner. BDO demonstrated technical expertise and commitment and we could not have done it without them!”
Star Zhang, Managing Director, Star Combo