Koufu to charge stallholders at least S$200 more in monthly fees on higher electricity costs

Janice Lim

Published Fri, Mar 18, 2022 · 12:55 PM

FOOD court operator Koufu Group VL6 : VL6 0%will be charging its stallholders in 85 per cent of its more than 60 branches an additional S$200 to S$300 in monthly miscellaneous fees in a bid to share the costs of electricity for the public dining area, as the firm battles soaring electricity costs.

This hike in fees, which was first reported by Chinese daily Lianhe Zaobao, comes after the company's electricity bill skyrocketed 80 per cent, which amounts to an additional S$500,000 in monthly expenses.

Koufu issued a notice to its stallholders this month informing them of the higher monthly fees, which started from Mar 1.

In response to queries from The Business Times, Koufu said on Friday (Mar 18) that these additional…