Singapore, Jan. 21 -- 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.
He said it was too early to begin talking about any deal on Coffee United, as the coffee shop at Block 496 Jurong West Street 41 is known,...