Singapore Exchange (SGX) today welcomed Kimly Limited (“Kimly”) to Catalist under the stock code “1D0”.
Kimly operates one of the largest chain of coffee shops in Singapore, with an extensive network of 64 coffee shops, industrial canteens and food courts under management; and 121 food stalls selling dim sum, seafood “zi char”, mixed vegetable rice, teochew porridge and more, across the heartlands of Singapore.
With a track record of 26 years, Kimly’s business is mainly in outlet management and food retail, and it has recently ventured into online food ordering and delivery services.
Vincent Chia, Kimly Limited’s Executive Director, said, “With our listing, we now reach out to an even bigger market who can partake in the flavours of Kimly not only as customers but also as our shareholders. We are heartened by the reception that we have received for our IPO and look forward to further enhance and grow our operations to reward our shareholders.”
Mohamed Nasser Ismail, Head of Equity Capital Market (SME) and Head of Capital Market Development, SGX, said, “We are very excited to welcome Kimly, one of the largest and most recognisable coffee shop operator chain in Singapore. The listing of Kimly provides investors with an avenue to invest in Singapore’s growing food and beverage sector. Kimly joins SGX's expanding family of more than 150 listed companies from the Consumer sector.”
The Consumer sector, covering subsectors such as Retail, Food & Beverage and Agri-commodities, is one of the biggest sectors represented by SGX-listed companies.
With a market capitalisation of about $288 million, the listing of Kimly brings the total number of Consumer companies listed on SGX to more than 150, with a combined market capitalisation of about $160 billion, and the total number of companies listed on Catalist to 190, with a combined market capitalisation of more than $11 billion.
Kimly opened at $0.55 today.
