Kimly sets sights on SGX Mainboard transfer

The move would support larger investments and acquisitions.

Kimly Limited plans to transfer its listing from the Catalist Board to the Mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST), subject to regulatory and shareholder approval.

The company said moving to the Mainboard would broaden its investor base and improve access to capital and potential strategic opportunities.

It also said the move would support its plans to pursue larger-scale investments and acquisitions.

The company has been listed on Catalist since March 20, 2017.

It operates traditional coffee shops and food outlets through three business segments: outlet management, outlet investment, and food retail.

Kimly said it plans to pursue further growth through organic expansion, investments, diversification, and acquisitions.

It is also considering businesses that are adjacent and complementary to its existing operations, including opportunities in the halal market.

The transfer requires, amongst other things, in-principle approval from the SGX-ST, compliance with the listing requirements for a Catalist-to-Mainboard transfer, and shareholder approval through a special resolution at an extraordinary general meeting.

Kimly will prepare and submit its application through its sponsor, PrimePartners Corporate Finance Pte. Ltd.

The company plans to hold the extraordinary general meeting in January 2027, on the same day as its annual general meeting, subject to the relevant arrangements.

A shareholder circular containing details of the proposed transfer and the notice of the extraordinary general meeting will be issued at a later date.