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Public company info - K2 F&B Holdings Limited , 02108.HK
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K2 F&B Holdings Limited, 02108.HK - Company Profile
Chairman Chu Chee Keong
Share Issued (share) 800,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Restaurants & Fast Food Shops
Corporate Profile Business Summary: The Group is principally engaged in the leasing, outlet and stall management.. Performance for the year: The Group recorded a decrease in revenue of approximately S$3.0 million or 6.7% from approximately S$45.0 million for FY2018 to approximately S$42.0 million for FY2019. Business Review: The core business and revenue structure of the Group remained unchanged for FY2019. The Group’s operations are located in Singapore, as it owns and operates food centres and food streets in Singapore since 2004. The revenue was principally derived from (i) the Group’s Outlet Management and (ii) Food and Beverage Stalls business segments in Singapore. As at 31 December 2019, the Group operated and managed a total of fourteen food establishments consisting of (i) thirteen food centres, comprising ten non-air-conditioned food centres and three air-conditioned food centres; and (ii) one food street under the Outlet Management business segment. The food street is leased by the Group from an independent third party, and comprises four food and beverage kiosks, of which three are operated by the Group under the Food and Beverage Stalls business segment. Of the fourteen food establishments managed by the Group under the Outlet Management business segment, one is managed by a food centre owner who is an independent third party. In addition, the Group has engaged an independent third party operator to manage one food centre and also leased three properties to independent third parties. Prospects: The Group is closely monitoring the developments and impact of the COVID-19 outbreak on its food establishments, inventories, supply chains, employees and other various aspects of its business operations and will review its business strategies when necessary in order to respond to decisions which may need to be made quickly in taking account of a fast-changing situation. Despite an increasingly challenging start at the beginning of the year 2020, in March 2020, the Group intends to expand its presence in the Chinatown district by acquiring nine shop units with a total area of approximately 530 square metres in a mixed-use commercial and residential building for S$22.2 million i.e. the 101 UCS. The present intent is to open an airconditioned food outlet. Going forward, the Group will continue to focus on (i) leveraging its competitive advantages to increase value; and (ii) increasing its market share in the food and beverage industry in Singapore and expand to other regions where there are related opportunities. The Group’s development initiatives mainly include the following: • continue to expand its presence in Singapore through the acquisition of new properties or food centres; • continue to enhance the dining experience by renovating its existing food centres; and • continue to invest in technology, such as developing an information management system and point-of-sale system at all food and beverage stalls to lead the Group’s operations more effectively and support future expansion and growth.

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