SGX RegCo orders Kitchen Culture to appoint special auditor
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Singapore
THE Singapore Exchange Regulation (SGX RegCo) has directed Kitchen Culture Holdings to appoint an independent special auditor amid recent developments that include unauthorised transactions and suspected payroll irregularities.
In a notice of compliance issued to Kitchen Culture on Thursday - the second one since July 14 - SGX RegCo said it is aware that the company's continuing sponsor, SAC Capital Private Limited, has received information which suggests that there could "potentially be concerns" on unauthorised transactions within the company.
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