TWO former directors of Kimly have been engaged as independent consultants to the company after being fined by the State Courts and disqualified from serving as directors in companies for 5 years.
Lim Hee Liat, the company's former executive chairman and Chia Cher Khiang, its former executive director, were fined S$150,000 and S$100,000 respectively last month for offences under the Securities and Futures Act. Lim was further charged under the Companies Act, with the charges relating to the 2018 acquisition of drinks company Asian Story Corporation.
The coffeeshop operator said in a filing on Wednesday evening (Mar 2) that it aims to leverage the collective 50 years of experience, knowledge, market intelligence and relationships between the two former directors.
Lim Hee Liat, the company's former executive chairman and Chia Cher Khiang, its former executive director, were fined S$150,000 and S$100,000 respectively last month for offences under the Securities and Futures Act. Lim was further charged under the Companies Act, with the charges relating to the 2018 acquisition of drinks company Asian Story Corporation.
The coffeeshop operator said in a filing on Wednesday evening (Mar 2) that it aims to leverage the collective 50 years of experience, knowledge, market intelligence and relationships between the two former directors.
