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Kafelaku Coffee's Subsidiary Acquires Land Use Rights for 26,319 Square Meters Land Parcel for 6 Million Yuan
KAFELAKU COFFEE (01869.HK) spends 5.79 million yuan to acquire a plot of land in Dongtai City.
Gelonghui, December 17th丨KAFELAKU COFFEE (01869.HK) announced that its wholly-owned subsidiary Jiangsu Meerkat signed a state-owned land use rights transfer contract with the Dongtai Planning Bureau on August 5, 2024, at a price of 5.79 million yuan. The land is located in the coastal economic zone of Dongtai City, Jiangsu Province, China, on the east side of Yingbin Avenue and the south side of Haiwang Road (plot number is 2024 (Industry) No. 11 and the total area is approximately 26,319 square meters). The group is reshaping its brand process and developing the KAFELAKU COFFEE business, such as opening coffee shops in China and developing coffee trade business.
Express News | Kafelaku Coffee - Acquisition for Land Use Rights by Unit of Land in Jiangsu Province for RMB5.8 Mln
Hong Kong stocks moved differently | Dining stocks rose in the morning as significant meetings released Bullish Signals. Dining consumption vouchers help the Dining Industry recover.
Dining stocks rose in the morning session. As of the time of writing, Naixue's Tea (02150) increased by 7.24% to 1.63 HKD; XIABUXIABU (00520) rose by 7.08% to 1.21 HKD; Helen's (09869) climbed by 5.82% to 3.09 HKD; HAIDILAO (06862) went up by 5.18% to 17.46 HKD; JIUMAOJIU (09922) increased by 3.97% to 3.93 HKD.
A 47-year high! Global coffee prices surged 70% due to tight supply and EU regulations within the year.
①On Wednesday, Arabica coffee bean prices soared to their highest level in nearly 50 years, rising more than 70% year-to-date; ②The main reasons for the price increase are supply shortages, uncertainty over the EU Zero Deforestation Act, leading to a surge in panic buying; ③Trump's proposal to impose tariffs has also raised concerns among coffee roasters.
Chocolatiers Burned by Cocoa Rally Still Need to Rebuild Hedges
