Kitchen Culture Says 5 Directors Will Remain on its Board as Purported EGM Held Last Friday Is Invalid; Asks Requisitioners to Put Matters Before Singapore Court
Retrieved on:
Monday, November 28, 2022
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Instead, the Company deems the meeting and resolutions purportedly passed to be invalid, and has asked the requisitioners to put the matter before the Singapore Court.
Key Points:
- Instead, the Company deems the meeting and resolutions purportedly passed to be invalid, and has asked the requisitioners to put the matter before the Singapore Court.
- Instead, the requisitioners were "... creating and maintaining uncertainty and confusion by claiming success of the 'New Board" through press releases and the media.
- The requisitioners appeared to have rushed to issue their 25 November press release "without bothering to inform the Company of such status."
- Shareholders are advised to refer to and compare against announcements and press releases of the Company," Kitchen Culture said.