Winding up application filed against Kitchen Culture's subsidiary
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
A creditor is seeking to wind up a wholly-owned subsidiary of Kitchen Culture Holdings.
The subsidiary, KHL Marketing Asia-Pacific (KHLM) said it received a winding-up application from Kim Hup Lee on Dec 16. The application will be heard in the High Court of Singapore on Jan 14, according to a regulatory filing by Kitchen Culture on Wednesday.
KHLM allegedly owes Kim Hup Lee outstanding rental arrears amounting to S$1.8 million for the 1st, 2nd and 3rd floors of 25 New Industrial Road between 2016 and 2018.
LVM Law Chambers are the lawyers for the creditors.
The group is currently seeking advice from its solicitors on the next steps to be taken, including resisting the winding-up application, and will make further announcements on any material developments as and when required, it said.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
