V2Y Corporation Expands into F&B with Coffee Shop Deal

V2Y Corporation Ltd. (SG:V2Y) has released an update.

V2Y Corporation Ltd., through its subsidiary Evertrust F&B, has entered into a Memorandum of Understanding to potentially acquire a coffee shop operated by Urban Exchange in Singapore, with the transaction subject to due diligence, definitive agreements, and shareholder approval in an upcoming EGM. This initiative is part of the company’s strategy to diversify into the F&B industry and create new revenue streams, following its recent announcement of a hot-pot chain acquisition. Nevertheless, investors are cautioned that the acquisition’s completion and its anticipated benefits are not guaranteed.

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