SG coffee shop operator Kimly cancels $11.7m acquisition of Asian Story

A Singapore Exchange logo sits outside their head office in Singapore April 22, 2015. REUTERS/Edgar Su/Files

Singapore-listed coffee shop operator Kimly Limited has decided to return Asian Story Corporation (ASC), the drinks manufacturer it recently acquired for S$16 million ($11.7 million), to its previous owner, due to recent developments, including investigations by deal regulators.

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