The charges levelled against Lim and Chia were in relation to Kimly’s failure to notify the Singapore Exchange (SGX) that its acquisition of Asian Story Corporation was an interested person transaction (IPT).
Lim Hee Liat, the former executive chairman and founding shareholder of Kimly, has pleaded guilty to the charges brought against him by the Commercial Affairs Department (CAD).
Kimly’s former executive director, Vincent Chia Cher Kiang, has likewise pleaded guilty to the charges against him by the CAD.
