K2 F&B Holdings, which operates a string of coffee shops and food stalls islandwide, has made an offer of $31 million for a coffee shop in Jurong West, Chinese-language evening paper Shin Min Daily News reported yesterday.
If the reported offer is accepted, the amount would be one of the highest paid for a coffee shop in a Housing Board estate, with the last high-profile sale being in 2015 when a coffee shop in Bukit Batok was sold for a similar amount.
K2 F&B chairman and chief executive Winston Chu would neither confirm nor deny the offer when asked to comment on the report.
To read more: https://www.straitstimes.com/business/property/fb-firm-offers-to-buy-jurong-west-coffee-shop-for-31m-report
Adapted from The Straits Times 22 Jan 2020