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SINGAPORE – Local coffee operator Kimly Limited has received regulatory orders to provide certain information and documents, and is suspending the trading of its shares pending updates, according to a document filed on the Singapore Stock Exchange on Tuesday. November in the morning.
Kimly said the suspension is also awaiting updates on a recent acquisition of the company and on the unaudited annual results of the group closed on Sept. 30.
Kimly's shares were traded for the last time at $ 0.28 before the company called for a halt on November 22, pending the release of a news release.
Listed on the Board of Directors of the Singapore Stock Exchange for catalogs in March 2017, Kimly is Singapore's largest traditional coffee operator. It operates a chain of nearly 70 outlets and 130 food stalls under different brands on the island.
The company has made several acquisitions since listing, including $ 850,000 for a café located at Block 631 Bedok Reservoir Road and $ 650,000 for an industrial restaurant in Primz Bizhub at Woodlands Close.
Her most recent acquisition took place in July of this year, when she bought Asian Story Corporation (ASC) to Wang Chia Ye for $ 16 million in cash. ASC markets and sells a variety of beverages under its "Asian Story" brand and bottled water under its "Simply Water" brand.
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