Abila, which was incorporated in 2014, focuses on the operation of cafes, food courts, coffee shops and canteens. Abila currently leases and operates two coffeeshops, each comprising a food stall and a drink stall, and also leases another coffee shop premise, which is licensed to a third party for the day-to-day operations.
V2Y Corporation has entered into a sale and purchase agreement with Lim Weng Chuan for the acquisition of a 60% stake in Abila Pte. Ltd., according to a Dec 17 release.
Under the agreement, the group is also set to be granted an option to purchase the remaining 40% stake, or 120,000 ordinary shares, of Abila.
