Kitchen Culture's AGM to review a turbulent FY2021

Singapore

WHEN Catalist-listed Kitchen Culture inked an agreement to acquire a 30 per cent stake in Ooway Technology for nearly S$24 million in August 2020, little would Lim Wee Li have imagined that it was the beginning of the end of his career at the kitchen systems vendor he founded.

In its quest to diversify into what the firm described as new areas of opportunities, Kitchen Culture took the stake from Ooway Group in Ooway Technology, which was introduced as a big data integrated solution provider with a mission to develop a global credit standard for digital trade transactions.