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Kimly subsidiary enters into JVA for short-term HDB coffee shop lease at Kitchener Complex

Chloe Lim
Chloe Lim6/30/2022 09:01 PM GMT+08  • 3 min read
Kimly subsidiary enters into JVA for short-term HDB coffee shop lease at Kitchener Complex
Kimly coffeeshop. Photo: Albert Chua/The Edge Singapore
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Kimly announced that its wholly-owned subsidiary, Kimly Makan Place (KMP) on June 30, has entered into a joint venture agreement (JVA) with 808 Ta Sun in relation to the operation and management of the short-term Housing and Development Board (HDB) coffee shop lease of the coffee shop located at 808 French Road #01-3 Kitchener Complex Singapore 200808 (808 French Road Coffeeshop) leased by the joint venture company, Da Sun Food House.

Da Sun Food House was incorporated by 808 Ta Sun on January 7, having an initial issued share capital of $100 comprising 100 ordinary shares.

Da Sun Food House will be allotting 147,000 ordinary shares to KMP and 152,900 ordinary shares to 808 Ta Sun, at a consideration of $147,000 and $152,900 respectively.

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