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Kimly is a prime heartlands gem: CGS-CIMB

Samantha Chiew
Samantha Chiew1/4/2022 3:56 PM GMT+08  • 3 min read
Kimly is a prime heartlands gem: CGS-CIMB
With Koufu out of the way, Kimly's primed to be a gem.
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As food court operator Koufu on Dec 29, 2021, announced that it intends to delist and privatise, coffeeshop operator Kimly 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 offer to take the company private. The offer price is a 15.8% premium to its last traded price.

Reasons for the offer were: Koufu does not need funding from equity capital markets; low trading liquidity of Koufu shares; for greater management flexibility in both strategy and operations; and removal of compliance costs associated with maintaining a listing status.

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