Kimly Group

Kimly Makan Place will pay a total consideration of $294,000 for 49% of the shares in both JV companies.

SINGAPORE (Sept 24): Catalist-traded Kimly is acquiring its very first coffeeshop in Singapore for $14 million.

SINGAPORE (Sept 9): After 13 long weeks of protests in Hong Kong, an end to the political crisis in the Special Administrative Region may be in sight. On Sept 4, the city’s embattled leader Carrie Lam formally announced the withdrawal of the extradition

SINGAPORE (Sept 3): Coffeeshop operator Kimly said former director Alain Ong Eng Sing was not the mastermind behind its listing and its acquisition of Asian Story Corporation (ASC).

SINGAPORE (Aug 19): In this latest earnings season, most of the local F&B stocks suffered huge losses. While revenue for most have increased, operating costs rose by a bigger quantum, causing a drag in earnings.

SINGAPORE (Aug 7): Coffeeshop operator Kimly reported 3Q19 earnings of $4.7 million, down 6% from $5 million in 3Q18 a year ago.

SINGAPORE (May 7): Kimly, the owner and operator of coffeeshops, reported 2Q19 earnings fell 13.2% to $4.7 million from $5.4 million in 2Q18.

SINGAPORE (Jan 14): Kimly, the coffeeshop operator, is seeking the re-election of its executive chairman Lim Hee Liat (main image) who is under investigation, at an annual general meeting (AGM) to be held on Jan 30.

SINGAPORE (Dec 5): Coffeeshop chain Kimly’s executive chairman Lim Hee Liat (right) and executive director Chia Cher Khiang (left) were arrested by the Commercial Affairs Department on Dec 4, but are now out on bail.

SINGAPORE (Dec 3): RHB Research is downgrading Kimly to “neutral” from “buy” given the latter’s dream of building a major F&B player like Frasers and Neave is over.