The mess at Kitchen Culture leaves minority shareholders with a bad taste

THE right to convene an extraordinary general meeting (EGM) is in place to give minority shareholders a chance at shaping the course of a company they own.

At Catalist-listed Kitchen Culture, however, even getting to the starting point of agreeing upon an EGM has become a stretch.

In the latest boardroom drama to hit the Singapore Exchange (SGX), shareholders of the outfitter of kitchens are being subjected to a bizarre parade of exchanges by two parties seeking control of the company.