Kitchen Culture: Resolution of rental arrears and other legacy issues addressed

Jul 25, 2023 | Business

The Board of Directors of Kitchen Culture Holdings Ltd is pleased to announce the appointment of new Directors to the Board to move the Company forward from its recent troubled history. This is in line with the Board’s objective to usher in a new era of transparency, accountability and business expertise.

The Board is pleased to announce the significant progress in resolving some of these issues.

The Company had received a letter of demand on 14 March 2023 from CDL Properties Ltd in relation to the Company’s alleged default of the lease agreement between the Company and CDL. The Company was subsequently evicted from its premises by CDL on 16 March 2023. The Board is pleased to announce that the Company has reached a settlement with CDL on 21 July 2023 to fully settle rental arrears and reinstate the office in Republic Plaza.

The Board’s priority has been to resolve outstanding legacy issues, including negotiating with creditors to resolve all long overdue liabilities, engaging an external auditor to audit the FY2022 financial statements, working with the special auditor to complete the special audit, and strengthening the Company’s internal controls.

In addition, the Board received a letter of demand from Mr Tan Gin Tat on 17 July 2023 for the S$1.5 million loan extended to the Company in the year 2022, as this is one of the legacy issues requiring resolution. The Board is currently seeking legal advice on this matter and will update shareholders in due course.

The Board had on 21 July 2023 announced that the Special Audit in relation to the Payroll Matter and the Transaction as announced by the Company on 29 September 2021, as agreed under the scope of work of the Special Auditors, has now been completed. The Board will now engage with relevant professionals to address the issues and recommendations raised from the Special Audit. In relation to the appointment of a new external auditor, the Board has identified a suitable external auditor and will be seeking shareholders’ approval for the appointment in due course.

The Board is also focused on fundraising and evaluating sustainable business opportunities to ensure the Company’s future success. As part of these efforts, the Company will be releasing a detailed business update as soon as practicable.

“We understand that the Company has faced significant challenges in the past, and we are committed to addressing these issues and moving forward.” said Mdm Hao Dongting, Non-Executive Chairperson of the Board. “We are confident that with the right strategies and execution, Kitchen Culture will be able to create sustainable growth and long-term shareholder value. Meanwhile, the Board will be conducting a thorough review of the Company’s operational and financial procedures and implement policies and procedures that ensure the Company is run in a transparent, responsible and efficient manner.”

“On behalf of the Board, we would like to express our gratitude to the Company’s employees, customers, and partners for their continued support during this transition period. We look forward to working closely with all stakeholders to ensure a successful future for the Company”, added Mdm Hao.

Reference 1:
https://links.sgx.com/1.0.0/corporate-announcements/WNQSOC0ID4TO935Y/f4d36cf0925be5e34e49c820ebdeddb24fbb7cdd3559ef696d5b6967e350d058
Reference 2:
https://links.sgx.com/FileOpen/KC%20Annct%20-%20Update%20on%20Letter%20of%20Demand.ashx?App=Announcement&FileID=766248

For media queries, please reach out to:
Waterbrooks Consultants
Wayne Koo – wayne.koo@waterbrooks.com.sg +65 9338-8166
Derek Yeo – derek@waterbrooks.com.sg +65 9791-4707

Proud Investor Relations partner: https://www.waterbrooks.com.sg/ and https://www.shareinvestorholdings.com/

This media release has been reviewed by the Company’s sponsor, SAC Capital Private Limited (the “Sponsor”). This media release has not been examined or approved by the Singapore Exchange Securities Trading Limited (“SGX-ST”) and the SGX-ST assumes no responsibility for the contents of this media release, including the correctness of any of the statements or opinions made or reports contained in this media release.

The contact person for the Sponsor is Ms Lee Khai Yinn (Telephone: +65 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.


Topic: Press release summary

Wine + Culture Festival Hosts at Underground Atlanta with Major Sponsors

May 2, 2023 | Business

 The Wine & Culture Festival, hosted by The Hue Society, is back with its 5th annual festival bringing wine enthusiasts and the Culture together to experience their theme, “Kingdom Come: Celebrating the Table We’ve Built,” during this epic weeklong event.

The Wine & Culture Festival is the most inclusive wine festival dedicated to consumer education, brand awareness, industry advancement, and cultural experiences through the Black lens. “We are excited to bring this Festival back to Atlanta for the fifth year! We receive amazing support from national and global brands for the Festival – this year we are really hoping to tap into the wonderful talent and top companies in Atlanta to join us. Our presence at the Underground Atlanta is significant,” says Tahiirah Habibi, the Festival’s Founder. “This is a perfect venue to make the Festival both family-friendly and have adult fun at one of Atlanta’s most historical landmarks, both above ground and underground.”

The signature two-day event, “The Mansion Underground,” is a cultural movement where the historic Underground Atlanta will transform into creatively curated theme-activated rooms representing the Culture with vivid backdrops, selfie spots, fierce DJs, and of course wine and food tastings. The festival’s location re-imagines the resilience and power of Black, brown, and indigenous communities by celebrating the tables that they’ve built.

Just a few of our highly anticipated events during the week include The Legacy Dinner, honoring those who have made a significant impact and contributions to the food, wine, and beverage industry. The Rosé Lounge culminates the phenomenal week of festivities with an abundance of Rosé and good vibes. Several of these events will take place at the festival’s host hotel, The Thompson Hotel Buckhead, a luxury boutique hotel in the heart of Atlanta. Attendees can stay at the host hotel to have direct access to many of the events and discounted room rates.

Finally, they are proud to once again announce a few of their major Festival sponsors and partners. This includes the official media sponsor, VinePair, as well as McBride Sisters Wine Company and Silver Oak.

About Tahiirah Habibi: Tahiirah is among the most celebrated female sommeliers in the country. Tahiirah’s visionary re-imagination of the industry will continue to shape the future for decades to come.

Selected to Wine Enthusiast’s prestigious 40 under 40 – and the first Black woman to grace its cover in 35 years – she also won the “Visionary of the Year” Wine Star Award and was named Advocate of the Year by VinePair. A co-founder of the Roots Fund, Tahiirah also founded The Hue Society to shine the spotlight on and celebrate the contributions of people of color in the wine industry, and serves as its President.

Tahiirah has been recognized in Vogue, BET, and The Robb Report. She is also on the Board of the James Beard Awards and will continue to use her influence to pioneer the necessary change for wine culture.

About The Hue Society: The Hue Society, founded in 2017 by Tahiirah Habibi, is a trailblazing organization increasing black, brown, and Indigenous representation and access in the wine industry. By connecting a prominent community of innovators, sommeliers, and winemakers, with a rapidly growing population of Black wine enthusiasts, The Hue Society is bridging the gap in economic inclusion and representation for communities of color.

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Ministry of Culture in collaboration with Ministry of Textile inaugurates Jharokha : A Compendium of Indian handicraft, handloom, art and culture” today

Dec 5, 2022 | Business





Main Highlights:




  • The mega event under this celebration is being organized at Dilli Haat, INA, New Delhi from 3rd December 2022 to 10th December 2022 along with “Master Creations”.

  • A fashion show titled “Crafts of India”; was organised to celebrate traditional crafts from different states of India






Ministry of culture in collaboration with Ministry of Textile inaugurated Jharokha – Compendium of Indian handicraft, handloom, art and culture” today at Dilli Haat, INA, New Delhi.


On its inaugural day a fashion show titled “Crafts of India”; was organised to celebrate traditional crafts from different states of India. A cultural performance of “Korku”- Tribal folk dance of Korku community wasalso performed.


 JHAROKHA is being organized at New Delhi (Dilli Haat- INA) in the form of an exhibition from 2nd December 2022 to 15th December 2022. The exhibition includes stalls from award winning artisans as part of DC Handicrafts Master Creation and artisanal clusters from different parts of the country.


On the occasion Shri Shantmanu, Development Commissioner (Handicrafts) said that Prime Minsiter Shri Narendra Modi has focussed on convergence and Jharokha represents that convergence with Ministry of Culture. He also added that this event will be beneficial for small scale industries , sellers and buyers.






Jharokha is a celebration of artists of different art forms and craftsman of different crafts. This event is organized in convergence with Ministry of Culture and DC-Handicrafts.


 The mega event under this celebration is being organized at Dilli Haat, INA, New Delhi from 3rd December 2022 to 10th December 2022 along with “Master Creations”. More than 15 crafts from 9 different states will be showcased in Jharokha.


Artisans, weavers, and artists who have given their significant contribution in promoting and reviving Indian handloom, handicrafts, art and culture will also be felicitated in the event.


A literary corner focused on local art, culture and festivals is setup along with food stalls celebrating local Indian cuisines.


Another highlight of Jharokha will be the cultural events. These events will continue for 10 days and will include folk dance, nukkad natak, fashion shows, singing performances by various artists.






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Ministry of Culture organizes International conference on the contributions of “J C Bose: A Satyagrahi Scientist” as part of AKAM

Dec 4, 2022 | Business


On the occasion of 164th birth anniversary of legendary Indian scientist Acharya Jagadish Chandra Bose and as part of Azadi Ka Amrit Mahotsava, Vijnana Bharati and Ministry of Culture, Govt. of India organized an “International conference on the contributions of J C Bose: A Satyagrahi Scientist”, at Inter-University Accelerator Centre, New Delhi. The conference was organized in association with Indraprastha Vigyan Bharati and Inter-University Accelerator Centre, New Delhi.



The two-day international conference was graced by Smt. Priyanka Chandra, Director, Azadi ka Amrit Mahotsava, Ministry of Culture, who emphasized to the students and audiences the significance and purpose of azadi ka amritmahotsava and the  importance of janbhagidari in all stratas of society and to make a stronger nation. Also gracing the event were Dr. N P Shukla, Member, CAQM, Government of India, Dr. Arvind Ranade (INSA) and eminent speakers like Dr. Archana Sharma, CERN, Switzerland, Prof. Gautam Basu, Bose Institute; Prof. C M Nautiyal(INSA), Dr. Manas Pratim Das, (AIR, Kolkata) among others.


In a first of its kind Record making activity, the conference carried out the Crescograph kit Assembly activity, simultaneously by almost 300 school students across two days. This is the first attempt across the nation of a device which proved Plants have Lives. Another activity which attracted the youngsters was Night Sky watch using three telescopes. Both these activities, attracted huge numbers.



The aim of the conference was to provide a voice to the unheard contributions of Acharya Jagadish Chandra Bose in the walks of the pre-independence era as a scientist and a freedom fighter. J C Bose discovered wireless communication and was named the Father of Radio Science by the Institute of Electrical and Electronics Engineering. He was responsible for the expansion of experimental science in India. From his contribution to biophysics to his contribution to the freedom struggle, there are numerous facets of his life that are undiscovered


The conference had unique sub-themes like J C Bose as a Satyagrahi Scientist, Contemporary relevance of works of J C Bose, J C Bose vision for self-reliant India, 5mm 5G: J C Bose contributions, and Bose as a Science Communicator. There were four competitions like essay, poster, article writing and oral presentations for school, college students and teachers. In the evening, there was a mellifluous cultural performance in front of the audience.




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Ministry of Culture partners with Kathakar under Azadi ka Amrit Mahotsav to take storytelling among the people.

Nov 25, 2022 | Business





Highlights


  • This year Kathakar partners with Ministry of Culture under Azadi ka Amrit Mahotsav.

  • The event will be organised on 26th  November  at Amphitheatre Central Vista India Gate from 4pm to 7:30 pm as Kalanjali.

  • The festival will showcase in its pristine physical form amazing stories and music by Indian and International storytellers from seven countries

  • Puppets, dance, or even musical instruments are used as props to help the narrator make storytelling more impactful.




The 15th edition of Kathakar  will be inaugurated by Shri Kiren Rijiju, Union Minister of Law and Justice and Smt Meenakshi Lekhi, Minister of State for External Affairs and Culture. This year Kathakar partners with Ministry of Culture under Azadi ka Amrit Mahotsav and the event on 26th  November will take place at Amphitheatre Central Vista India Gate from 4pm to 7:30 pm as Kalanjali. The storytelling sessions will be held at Sunder Nursery, Heritage Park in Delhi and at Central Vista, India Gate. The festival will showcase in its pristine physical form amazing stories and music by Indian and International storytellers from seven countries—United Kingdom; Australia; Mongolia; Israel; Sierra Leonne; Korea; and India.


The art of storytelling in India has many forms and utilizes many mediums. Despite differences in settings, genres, or cultures, all stories ultimately aim to convey something universal. They serve both an educational and entertainment purpose for audiences. It’s clear that different sections of India’s culture has its own distinct approach to storytelling. Puppets, dance, or even musical instruments are used as props to help the narrator make storytelling more impactful. Hence, Kathakar, the sole celebration of India’s rich oral storytelling tradition, which was started under the umbrella of Ghummakkad Narain Travelling Literature Festival was launched in 2010.


This year’s  Kathakar 2022 aim is twofold: to ensure the conservation of oral storytelling tradition and increase its popularity. This year’s Kathakar will feature big names and events, including:


  • For the first time, powerhouse performer, Nawazuddin Siddiqui (Bollywood actor) will be narrating stories and will be in Conversation with Mohit Chauhan, noted music composer, singer who is also the patron of the festival;

  • Sufi musical night by Satpal Wadali, son of Padmashree Pyarelal Wadali;

  • The festival this year will have an event titled Kissey, Kahani aur Cinema, in which Prarthana Gahilote will be in conversation with ace actor Sanjay Mishra at the Central Vista at India Gate;

  • Another scheduled event is Kissey, Kahani aur Guftagu, in which Mohit Chauhan will be in conversation with stellar film maker Imtiaz Ali from Bollywood;

  • Kabir Vani by Prahlad Singh Tipania

  • Shadow puppet play of the Ramayana from Kerala by Ramchandra Pulavar and team.


Among International artists this year, Kathakar will feature Niall Moorjani (United Kingdom), Lilian Rodrigues Pang (Australia), Baatarjav Erdenetsogt (Mongolia), Alim Kamara (Sierra Leonne), Sarah Rundle (United Kingdom), Seung Ah Kim (South Korea) and Yossi Alfi (Israel).


Kathakar 2022—a marquee event to revive the traditional style of storytelling in a world dominated by hi-tech gizmos and gadgets—will thus feature professional and passionate storytellers from the country and abroad who will showcase their mesmerizing craft to underscore the fact that storytelling cuts across all boundaries of language and culture.


“Stories emerging from villages are very powerful as life is totally different there love folk songs and stories that are connected to our lives. Whenever I meet filmmakers, I urge them to make movies based on stories from villages,” says acclaimed filmmaker, writer and producer Imtiaz Ali, who will be part of the event Kissey, Kahani aur Guftagu on November 27 at Sunder Nursery, Nizamuddin.


Since its inception, the festival so far has been addressed by prominent personalities including former President of India Dr APJ Abdul Kalam, Sadhguru Vasudev Jaggi, Dr Shashi Tharoor, Manoj Bajpayee, Vishal Bhardwaj, Pankaj Tripathi, Shantanu Moitra, Imtiaz Ali, Margaret Alva, Sunil Shastri, Nandita Das, Sushma Seth, among others.




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