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

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Raphael Lim

Raphael Lim

Published Wed, Dec 7, 2022 · 05:50 AM
    • Poggenpohl showroom by Kitchen Culture. Ooway Group is a substantial shareholder of Kitchen Culture, after it sold 30 per cent of its subsidiary, Ooway Technology, to the company in exchange for around 21.2 per cent of Kitchen Culture in 2020.
    • Poggenpohl showroom by Kitchen Culture. Ooway Group is a substantial shareholder of Kitchen Culture, after it sold 30 per cent of its subsidiary, Ooway Technology, to the company in exchange for around 21.2 per cent of Kitchen Culture in 2020. PHOTO: KITCHEN CULTURE

    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.

    Hock Lock Siewkitchen cultureDisputes

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