On April 22, the manager of Lendlease Global Commercial REIT (LREIT) announced the completion of the REIT’s acquisition of Jem in Jurong Gateway, a transformational transaction which more than doubled the REIT’s assets under management to $3.6 billion.Jem changes the entire complexion of LREIT b...

KOUFU will be delisted from the Singapore Exchange (SGX) mainboard on Tuesday (Mar 29) at 9 am, following the completion of Dominus Capital's compulsory acquisition of shares from dissenting shareholders of Koufu.

DOMINUS Capital has exercised its right of compulsory acquisition from dissenting shareholders of Koufu at S$0.77 in cash per share.

FOOD court operator Koufu Group will be charging its stallholders in 85 per cent of its more than 60 branches an additional S$200 to S$300 in monthly miscellaneous fees in a bid to share the costs of electricity for the public dining area, as the firm battles soaring electricity costs, repor...

RHB Group Research analyst Jarick Seet has kept his “buy” call on Kimly with an unchanged target price of 46 cents after the coffeeshop operator decided not to engage former executive chairman Lim Hee Liat and former executive director Chia Cher Khiang as its independent consultants. While Kimly...

SHARES in food court operator Koufu were suspended on Thursday (Feb 24) from 9 am upon losing its free float.

SHARES in food court operator Koufu were suspended on Thursday (Feb 24) from 9 am upon losing its free float.

AN offer from Koufu Group VL6 's founders to privatise the food-court operator has turned unconditional, with the total shares owned, controlled or agreed to be acquired by the offeror Dominus Capital and its concert parties amounting to 90.13 per cent of total shares as at 6 pm on Thur...

AN offer from Koufu Group VL6 's founders to privatise the food-court operator has turned unconditional, with the total shares owned, controlled or agreed to be acquired by the offeror Dominus Capital and its concert parties amounting to 90.13 per cent of total shares as at 6 pm on Thu...

RHB Group Research analyst Jarick Seet has kept “buy” on Kimly with a higher target price of 46 cents from 42 cents previously. The buoyant outlook is based on Kimly’s strong FY2021 results, where its total revenue grew 13.2% y-o-y to $238.6 million. Its PATMI stood 55.7% higher y-o-y at $39.3...

Q: What can we look forward to in 2022? A: The theme song of the movie Rocky III by rock band Survivor may be a good guide. For my previous column titled “All I want for Christmas” (The Edge Singapore, Issue 1016), I received quite a bit of feedback that while the general maxim of staying inve...

COFFEE shop and food court operator Kimly is trading at an attractive discount to the privatisation valuation of its F&B peer Koufu which stands at 16 times of CGS-CIMB's estimated earnings.

As food court operator Koufu on Dec 29, 2021, announced that it intends to delist and privatise, coffeeshop operator is set to be the prime heartlands F&B gem. To recap, Koufu received from Dominus Capital (a holding company wholly owned by the group’s founders) an all cash 77 cent per share o...

COFFEE shop and food court operator Kimly is trading at an attractive discount to the privatisation valuation of its F&B peer Koufu which stands at 16 times of CGS-CIMB's estimated earnings.

SHARES of food court operator Koufu Group rose as much as 15 per cent on Thursday (Dec 30) amid heavy trading, after its founding shareholders made a S$0.77 per share cash offer to privatise the company.