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Kitchen Culture chairman Lim sells stake in company

The Edge Singapore
The Edge Singapore • 3 min read
Kitchen Culture chairman Lim sells stake in company
Kitchen Culture has been struggling in recent years. For the financial year ended June 30 2019, the company reported revenue of $10.5 million down 26.7% from $14.4 million recorded in the preceding year.
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SINGAPORE (Jan 30): Lim Wee Li, executive chairman and CEO of Kitchen Culture Holdings, has sold a chunk of shares equivalent to more than half of the company.

With the sale, Lim (picture from company's 2018 annual report) is left with just under 26.2 million shares, equivalent to 21.73% of the company.

Kitchen Culture specialises in selling kitchen furnishings and appliances. Prior to the sale, Lim held nearly 93.2 million shares, or 77.34%.

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