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

Jin Wei Food Holdings, a subsidiary of Kimly, has acquired the entire shareholding of Teck Whye 143 Food House (TW143) for $10,000 in cash.

TW143 had on Jan 3 exercised an option to purchase the coffeeshop at 143 Teck Whye Lane for $14 million. Acquisition of the property is set to be completed around Nov 1.

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