“The company, Mr Lim and Mr Chia have mutually decided not to proceed with the engagement, in view of feedback and concerns received from stakeholders following the announcement,” states Kimly on March 12.
Coffeeshop chain Kimly has scrapped its plan to engage former executive chairman Lim Hee Liat and former executive director Chia Cher Khiang as “independent consultants”.
The company had wanted to keep tapping the duo’s experience and expertise, following their recent conviction for breaching the Securities and Futures Act, which bars them from holding directorships or managing companies for five years.
