Kimly (SGX:1D0) agreed to acquire GSPL, which owns a coffee shop property in Singapore from Tan Hock Choon and Tan Kah Huat for around SG$11.8 million, according to a Tuesday filing with the Singapore Exchange.
Shares of the company were down over 1% in Wednesday's trading.
The property has a strata floor area of 393 square meters and has a two-story shophouse unit and a 3-room HDB flat.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.