QAF Limited, an investment holding company, engages in the manufacture and distribution of bread, bakery, and confectionery products in Singapore, Australia, the Philippines, Malaysia, and internationally. It operates through Bakery, Distribution and Warehousing, Investments and Others segments. The company is involved in the trading, agency, and distribution of food and beverage products; and provision for warehousing logistics services of food items. It also provides various frozen and par-baked breads and pastries; and a range of bread and kaya spreads under the Delicia and Cowhead brand names, as well as operates cold storage warehouse.