Kimly Limited Completes S\$11.8 Million Acquisition of Haig Road Coffee Shop Property

Key Highlights

• Acquisition Completed: Kimly Limited has successfully completed the purchase of the coffee shop property located at 12 Haig Road #01-323, Singapore 430012.
• Acquisition Vehicle: The acquisition was executed via the purchase of 100% of the issued and fully paid-up ordinary shares in GSPL Pte. Ltd., the company that owns the property.
• Purchase Price: The total consideration for the acquisition was S\$11.8 million.
• Completion Date: The transaction was completed on 9 January 2026.

Details for Shareholders and Investors

The Board of Directors of Kimly Limited announced the completion of a significant acquisition that is likely to be of interest to shareholders and could have an impact on the company’s future earnings and share value.

• Strategic Expansion: This acquisition is part of Kimly’s ongoing strategy to expand its portfolio of coffee shops and food outlets in Singapore. The property at Haig Road is a popular location and is expected to enhance the Group’s recurring rental income and strengthen its foothold in the heartland F&B sector.
• Financial Commitment: The S\$11.8 million investment represents a material deployment of capital for Kimly and reflects management’s confidence in the long-term prospects of the Singapore coffee shop business.
• Potential Impact on Share Value: The completion of this deal could be price sensitive as it may increase Kimly’s asset base, improve earnings visibility through additional rental and F&B revenue, and signal further growth ambitions. Investors should monitor subsequent earnings announcements for contributions from this new asset.
• Regulatory Review: The announcement was reviewed by the Company’s sponsor, PrimePartners Corporate Finance Pte. Ltd., but has not been examined or approved by the Singapore Exchange Securities Trading Limited. The Exchange assumes no responsibility for the content.

Contact Information

For further information, shareholders can contact Ms. Ng Shi Qing at PrimePartners Corporate Finance Pte. Ltd., 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, or via email at [email protected].

Conclusion

This transaction is a significant milestone for Kimly Limited and demonstrates the company’s commitment to expanding its operational base and enhancing value for shareholders. Investors should consider the strategic implications of this acquisition as it may influence the company’s financial performance and market positioning in the coming quarters.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please refer to official company announcements and consult a licensed financial advisor before making any investment decisions. The Singapore Exchange Securities Trading Limited has not reviewed or approved the contents of this article.

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