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Serious Kimly Limited - Coffee Shop Chain

Tot donating to temple would clean their karma? Curious....


Not when it Oppress the Poor to make excess Profit . A small cup of plain water s$60 cents . Just think about it.

No. 1 "Profiteer " in Singapore Coffeeshop scene.

Authority are Sleeping !
 
The Sg stock market is a joke. Enough said


Regulators should query those Underwriters and Vendors for possible Stock Manipulations..
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Singapore BARELY a week after Kimly Limited sought a halt in the trading of its shares pending an announcement, Singapore's largest traditional coffee shop operator voluntarily suspended trading on Tuesday, amid speculation of disclosure gaps. The company, which operates and manages a network of food outlets and food stalls across Singapore's heartland, said the latest suspension comes because there are pending matters to be communicated to shareholders. These are, namely, regulatory orders for the provision of certain information and documents, updates on a recent acquisition and the group's unaudited full-year results for the period ended Sept 30.


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The Sg stock market is a joke. Enough said

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just curious.

how did this Pokka Ong chap got hold of these shares ???
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According to LHWB, Ong (who also goes by Ong Eng Sing) joined Kimly Limited as a Non-Executive and Non-Independent director in February 2017. He was also on Kimly’s Audit Committee and Renumeration Committee. Kimly announced that Ong retired from its Board of Directors in January 2018 due to “other principal commitments”. The announcement also stated that Ong has 5,140,000 ordinary shares (direct interest) in Kimly.
 
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The authorities are now looking into cases of coffee stalls raising prices in tandem with the water tariff hike, including a group of stalls at Redhill Food Centre which co-ordinated their price increases.

TODAY reported on Wednesday (July 5) that several hot drinks are sold at higher prices by stalls operating in Redhill and Jalan Berseh.

They have been doing this since the start of this month, when the first of two rounds of water price hikes by the Government took effect.

The Ministry of Trade and Industry (MTI) and the Competition Commission of Singapore (CCS) told TODAY that they are closely monitoring the issue.

MTI said in a statement that businesses should not use the water price hike as an excuse to raise prices “indiscriminately and unreasonably”.

“The Competition Act also prohibits agreements that prevent, restrict or distort competition.

The CCS will take action against businesses found to have engaged in such practices,” it added. Separately, the CCS said that it has taken note of the matter and is looking into this.

A check by TODAY at Redhill Food Centre found that Fong You Coffee Stall, 108 Cafe, Xin He Yun Coffee, He’s Devvan Hot & Cold Drink, 113 Cafe Club, Lock Tin Coffee Stall and De Li Cha Shi have raised their prices.

At least seven out of about 10 drink stalls there have raised prices by 10 cents, with a cup of coffee now costing S$1.10. While the timing of their move coincided with higher water costs, the stallholders said that there were several considerations for this apart from water prices, such as rising rental rates, for example.

Over at Gourmet Street coffee shop along Jalan Berseh, prices have also gone up, with a cup of coffee now selling at S$1. At some of the stalls, notices have been put up to inform customers that the higher prices kicked in on July 1.

The Government announced in its Budget statement earlier this year that water prices will go up — for the first time in 17 years — in two phases, starting this month.

By July next year, water prices will go up by a total of 30 per cent. Following the announcement, the Government had warned businesses against profiteering from the move.

For instance, Ms Indranee Rajah, Senior Minister of State for Finance and Law, said at a post-Budget forum that the hike would have a very minimal impact on the prices of coffee or tea.

Source: TODAY Online
 
The owners are supposedly devote buddhist and donate big big to a temple in Chiang Mai.
If you go to Kimly shops you will see a Thai buddhist altar and the name chok di place .
Like penang cow, they will meet their karma.

karma working ?

today resume Trading on SgX.

already down more than 10% from pre suspension.

now back to ipo price s$0.25/-. Sad.
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If that is the case, customs can vote with their feet,,,,and purchase from competitors,,, I do not see an issue as that is free market principles



Bring back those good old days when Govt would stick a Notice at the Coffeeshop counter Stating the recommended or mandated Prices for a cup of Kopi O Kosong . Milo. Ovaltine. coffee. Tea. Teh O etc. :D
 
From jover to alain to konghee it shows sg is not short on talent and of course not lacking in sheeps

Sheep no 's' , as in sheeps, singular sheep, plural sheep...you must be educated by the MOE Singapore world crass education...ha ha ha ha
 
I am not worried for VV's husband. He has a very auspicious Chinese name that will tide him through any obstacles in life. He is the king with eternal life.

All bets are off if you picked a 'wrong' woman to be your wife, she either drains your luck or brings misfortune to you. :wink:
 
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