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April 3, 2009
Chef files for bankruptcy
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<!-- headline one : start --> <!-- headline one : end --> <!-- show image if available --> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody><tr></tr> <tr> </tr> <tr> </tr> </tbody></table> <!-- START OF : div id="storytext"--> CHINESE restaurant Canton Wok in Joo Chiat has closed and its chef-owner Ang Song Kang, popularly known as Chef Kang, has had to file for bankruptcy after a failed business venture in China. The 44-year-old chef has made a name by serving innovative dishes such as baked crabs in white cream sauce and strawberry pork ribs at zi char prices. He tells Life! he invested in a Guangzhou motor and machine oil plant in 2005 with two Chinese nationals. He had known one of them for about three years. He invested $200,000 of his savings in the business and got a 25 per cent stake in it. All seemed well until the middle of last year, when his business partners asked him to pump in more money as the recession had affected business.
Read the full report in Saturday's edition of The Straits Times LIFE!
April 3, 2009
Chef files for bankruptcy
<!--10 min-->
<!-- headline one : start --> <!-- headline one : end --> <!-- show image if available --> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody><tr></tr> <tr> </tr> <tr> </tr> </tbody></table> <!-- START OF : div id="storytext"--> CHINESE restaurant Canton Wok in Joo Chiat has closed and its chef-owner Ang Song Kang, popularly known as Chef Kang, has had to file for bankruptcy after a failed business venture in China. The 44-year-old chef has made a name by serving innovative dishes such as baked crabs in white cream sauce and strawberry pork ribs at zi char prices. He tells Life! he invested in a Guangzhou motor and machine oil plant in 2005 with two Chinese nationals. He had known one of them for about three years. He invested $200,000 of his savings in the business and got a 25 per cent stake in it. All seemed well until the middle of last year, when his business partners asked him to pump in more money as the recession had affected business.
Read the full report in Saturday's edition of The Straits Times LIFE!