Epicentre's acting CEO uncontactable; company facing demands from creditors

Singapore

EPICENTRE Holdings executive chairman and acting chief executive officer Kenneth Lim Tiong Hian has been uncontactable since May 24, the Catalist-listed former Apple reseller said on Thursday, after requesting a trading suspension that morning.

Epicentre said it will not be proceeding with a proposed placement of up to about 79.7 million new ordinary shares in its capital, saying that Mr Lim, "who has been key and instrumental to the proposed placement", has been uncontactable. It does not have any monies held in escrow.

To repay existing liabilities, Epicentre said it is trying to come up with a wor…