K2 F&B's (HKG:2108) subsidiary, U Property, bought New Chance Properties from Second Chance Properties (SGX:528) for SG$9.5 million, a Monday Hong Kong bourse filing said.
Along with the target company, the company now owns the property at Block 710A Ang Mo Kio Avenue 8 #01-2625, Singapore.
The company will apply for the change of the use of the property to food and beverage business and if the change of use isn't permitted, then the property will be rented out for retail business, the filing said.
The food and beverage company's shares rose over 2% in recent trade.
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