Muginoho

Purchase consideration for confectionary business 'fair', CGS-CIMB maintains 'hold' on Kimly  - THE EDGE SINGAPORE

Broker's Calls

Purchase consideration for confectionary business 'fair', CGS-CIMB maintains 'hold' on Kimly

The analysts believe the disposal is largely due to a lack of realisable synergies with Kimly’s core coffee shop operations.

F&B sector

Kimly to dispose its confectionary business for $2.8 mil

The purchase price represents a $2,581,196 excess over the book value of the assets and the gain on disposal.
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