Ex-CEO serves Kitchen Culture with writ of summons
KITCHEN Culture Holdings 5TI on Friday said it had been served with a writ of summons and a statement of claim on Sept 15 by its former chief executive officer (CEO) Lim Wee Li.
Mr Lim, who was also the executive director and a substantial shareholder of the company, was earlier dismissed from his position over "grave misconduct" affecting the company's business.
The summons and claim alleges that the company wrongfully terminated his appointment as CEO; breached its obligation of mutual trust and confidence owed to him; and released defamatory statements referring to him, and refused to retract and apologise for the statements.
The board of directors said it is "of the view that Mr Lim's claims are without merit", with the exception of independent director Yap Sze Hon. In July, the board revealed that Mr Yap, who is a member of its nominating committee, had disagreed with the board's decision to fire Mr Lim.
Kitchen Culture, which is in the business of supplying kitchen equipment, said it has engaged legal counsel and intends to defend itself against the claims.
The company confirmed in July that Mr Lim's dismissal was based on findings in an interim report from Baker Tilly Consultancy, which had uncovered potential breaches by officers and employees of the company and certain failures of Mr Lim.
Catalist-listed Kitchen Culture called for a trading halt on July 7. Its shares last traded at S$0.08.
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