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Kimly in joint venture to operate and manage short-term HDB coffeeshop lease in Lorong Ah Soo

Felicia Tan
Felicia Tan • 3 min read
Kimly in joint venture to operate and manage short-term HDB coffeeshop lease in Lorong Ah Soo
The total consideration of $735,000 has been paid for in cash through the use of net proceeds from Kimly’s IPO.
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Kimly Limited has, on Jan 21, entered into a joint venture agreement (JVA) with Jin Xin Yuan to operate and manage the short-term HDB coffeeshop lease located at Block 134 Lorong Ah Soo, #01-454.

The JVA was signed by Kimly’s subsidiary Kimly Makan Place.

The Lorong Ah Soo 134 coffeeshop is leased by the joint venture company (JVCo) Jin Yuan 134 Food House.

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