SG briefs: Sinjia Land, Kitchen Culture

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Singapore company briefs: Sinjia Land and Kitchen Culture.

Kitchen Culture

Kitchen Culture said Wednesday the Commercial Affairs Department (CAD) of the Singapore Police Force has reviewed the company’s police report filed in December 2021 to retrieve four cash cheques amounting to S$10,000 withdrawn in 2020 from the company’s bank account.

“After considering the facts and circumstances of the case, the CAD is of the view that there is insufficient evidence to prove that a criminal offence had been committed in Singapore. As such, the CAD will be taking no further action on the matter,” Kitchen Culture said in a filing to SGX.

Sinjia Land

Sinjia Land proposed Wednesday a placement of up to 30 million new shares at S$0.082 each to raise up to S$2.46 million. The placement shares represent around 14.49 percent of the enlarged share capital of the company, Sinjia Land said in a filing to SGX. The funds raised will be used for general working capital purposes, the filing said.

The placement price is a 9.89 percent discount to the volume weighted average price of S$0.091 for shares traded for 10-11 May, the filing said.