Kimly Forms Joint Venture for HDB Coffee Shop in Toa Payoh, Singapore

MT Newswires

2025/02/25

Kimly (SGX: 1D0) has entered into a joint venture with 206 Holdings to manage a Housing and Development Board coffee shop lease at Block 206 Toa Payoh North in Singapore, according to a Monday filing on the Singapore Exchange.

Kimly's wholly owned subsidiary, Kimly Makan Place, will hold a 49% stake in the joint venture company, 206 Management Food Court, with 206 Holdings owning the remaining 51%. Kimly's investment includes S$49,000 in share capital and a S$735,000 lease assignment fee, bringing its total commitment to S$784,000.

The venture aligns with Kimly's strategy to expand its food retail network and secure rental revenue streams.

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Kimly's investment includes S$49,000 in share capital and a S$735,000 lease assignment fee, bringing its total commitment to S$784,000.</p><p>The venture aligns with Kimly's strategy to expand its food retail network and secure rental revenue streams.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6000","symbol_name":"餐馆","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2514702598","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514702598","pubTimestamp":1740436669,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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