Kimly will pay $56.1 million for four long term leasehold coffeeshop units, which are HDB commercial units located within mature HDB estates; and three freehold industrial canteen units, which are located in mature and populated industrial areas in close proximity to residential areas.
SINGAPORE (Oct 22): Kimly is eyeing the acquisition of a portfolio of coffeeshop leases, coffeeshop units and industrial canteen units for a total consideration of $59 million.
In a bourse filing on Tuesday, the coffeeshop operator says its wholly-owned subsidiary, Jin Wei Food Holdings, has entered into a non-binding term sheet with a group of third party vendors in connection with the proposed acquisition.
