Some, such as the letter of demand (LOD) from CDL Properties in relation to Kitchen Culture’s alleged default of the lease agreement between itself and CDL Properties, have been resolved.
The board of Kitchen Culture has made a slew of moves in a bid to “usher in a new era of transparency, accountability and business expertise”.
On July 24, the company announced that it has appointed five new directors who will “move the company forward”. The company will also address and resolve its legacy issues including negotiating with its creditors to resolve all “long overdue liabilities”. The announcement came shortly after a special audit report found that the company had potentially breached listing rules.
