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The transactions will be facilitated through cash and new shares issuance. The post SG-listed F&B operator Kimly to acquire food outlets for $40m appeared first on DealStreetAsia.

CATALIST-LISTED coffeeshop consolidator Kimly has agreed to acquire a S$55.8 million portfolio of food outlet properties, comprising four coffeeshops, three industrial canteen units and a restaurant unit.

THE following companies saw new developments that may affect trading of their shares on Wednesday.

COFFEESHOP operator Kimly's lead independent director Ter Kim Cheu, 73, is retiring, the Catalist-listed firm announced on Tuesday night.

SINGAPORE (Nov 27): Traditional coffeeshop operator Kimly saw its earnings fall 6.0% to $5.4 million for 4QFY2019 ended September, bringing full-year earnings to $20.1 million for FY2019, some 8.4% lower than the $21.9 million recorded a year ago. This translates to earnings per share (EPS) of 1.74...

THE following companies saw new developments that may affect trading of their securities on Wednesday:

CATALIST-LISTED coffeeshop operator Kimly saw a 6 per cent fall in net profit to S$5.4 million for the fourth quarter ended Sept 30, on the back of lower revenue and higher income tax expense.

CATALIST-LISTED coffeeshop operator Kimly saw a 6 per cent fall in net profit to S$5.4 million for the fourth quarter ended Sept 30, on the back of lower revenue and higher income tax expense.

THE following companies saw new developments that may affect trading of their shares on Wednesday: