LEGAL | Staff Reporter, Singapore

Kimly chairman up for re-election amidst probe

Shareholders will vote on the matter on January 30.

Kimly Limited is looking to re-elect its executive chairman Lim Hee Liat at their annual general meeting on January 30, according to an announcement filed in the SGX.

The company meeting will be held amidst an investigation for aborting their acquisition of the drinks company Asian Story Corporation. Apart from Lim, directors Lim Teck Chai Danny and Wong Kok Yoong are also up for re-election as well.

(Also read: Kimly parent company gets back SG$1.4m from returning Asian Story Corporation)

Kimly Limited previously revealed their financial results ending September 30, 2018 with a revenue growth of 5.3% to S$202.2 million from SG$192.1 million last FY17.

The company also saw 2.1% growth in net attributable profit to SG$21.9 million. They ended the financial year generating operating cash flow of SG$9.5 million.

Aside from their key brand Kimly Coffeeshop, the company also owns foodclique, Tonkichi and Rive Gauche Patisserie. Kimly Limited said that they will continue to open three to five stores a year. 

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