SINGAPORE (June 14): Coffeeshop operator Kimly Group announced Wednesday that two of its subsidiaries have entered into separate agreements for acquisitions of a coffeeshop and an industrial canteen for a total of $1.5 million.

First, indirect wholly-owned subsidiary Yong Yun has entered into a business transfer agreement with Tan Chong Sing for the operation and management of a coffee shop located at Blk 631 Bedok Reservoir Road for $850,001.

This includes the acquisition of its lease, and the sub-leases of the food stalls within the coffee shop.

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