The consideration will be partly satisfied by cash of $700,000, and partly by the issuance of 1 million new shares in the capital of Kimly at the issue price of 30 cents per share.
Coffeeshop operator Kimly has entered into the cleaning services industry through the acquisition of a 60% stake in Klovex for a consideration of $1 million.
The sale and purchase agreement was signed on April 1 by Kimly’s wholly-owned subsidiary Chodee Food Holdings.
