Kimly seeks mainboard listing on SGX to support acquisitions and expansion

Coffee shop chain Kimly plans to move its listing from the Catalist board to the mainboard of the Singapore Exchange (SGX) in order to back acquisitions, diversify its business and enter new growth sectors such as halal food. This transfer is intended to boost the company's corporate image, increase access to capital and appeal to a wider range of investors, including institutional and international investors.

The move would also provide Kimly with a stronger platform to pursue larger-scale and transformative opportunities. Currently operating through three main business segments - outlet management, outlet investment and food retail - Kimly currently manages 84 coffee shops and food courts across Singapore, as well as nearly 180 individual food stalls and brands like Kedai Kopi and Tonkichi.

The group intends to expand through organic growth, strategic investments, business diversification and acquisitions that align with its existing operations. It is exploring opportunities adjacent to or complementary to its current business, with potential expansions into the halal market. The proposed transfer to the mainboard is contingent on several conditions, including shareholder approval through a special resolution at an extraordinary general meeting, which is expected to coincide with the annual general meeting in January 2027.

Shares of Kimly have fluctuated between 39 cents and 43 cents since the beginning of 2026, closing at 39 cents on Aug 19. The company's current dividend yield stands at 5.1 percent.