Kitchen Culture changes name to SDAI

Kitchen Culture changes name to SDAI

SINGAPORE – Kitchen Culture Holdings has changed its company name to SDAI after it lodged a notice of resolution with the Accounting and Corporate Regulatory Authority.

Effective Wednesday, the kitchen solutions company has also adopted the counter name SDAI. Its trading ticker “5TI” remains the same.

The name change was one of two resolutions approved at the company’s extraordinary general meeting (EGM) held last Friday, where shareholders also voted in favour of appointing Foo Kon Tan as the company’s statutory auditor.

It said the name change will reflect the company’s strategic direction and business activities going forward,” in the Nov 17 statement on its EGM results.

“This will enable the company to create a new corporate identity for itself and develop a new positioning in the market, allowing the public and the company’s business partners to better identify with the company under this new name moving forward.”

Under its new counter name, trading in the shares of SDAI remains suspended.

The suspension has been in place since July 2021 due to a variety of issues, including non-compliance and systemic internal failures.

SDAI’s executive chairman Hao Dongting said the company’s latest EGM marked a “vital milestone” towards its board’s ultimate goal of obtaining Singapore Exchange approval for the resumption of trading of the company’s shares.

“With the new management in place, we are actively working to chart a new path for the company by pursuing various strategies going forward, including a new name for the company as a testament and reflection of the positive developments being undertaken in our new growth trajectory,” Ms Hao.

The company said it has also been “working hard to accelerate the process” of completing its independent special audit – conducted by Deloitte & Touche Financial Advisory Services – by the end of the year to comply with statutory requirements.

It highlighted this as another key factor for SDAI’s shares to resume trading. THE BUSINESS TIMES

OTHER NEWS

5 hrs ago

Cowboys head coach Mike McCarthy 'getting fed up' with owner Jerry Jones: report

5 hrs ago

Who Should Steelers Hope Wins Training Camp QB Battle?

5 hrs ago

Goaltender's dad talks up the Oilers' chances of lifting the Stanley Cup

5 hrs ago

Phillies turn rare 1-3-5 triple play against Tigers, 1st since 1929

5 hrs ago

Discount Burger Check? Chiefs' Reid Shares Hilarious Commercial Story

5 hrs ago

'Devastating loss': Digital lending library, Internet Archive, removes 500,000 books after being sued by publishers

5 hrs ago

Iga Swiatek vs Coco Gauff vs Aryna Sabalenka vs Elena Rybakina: WTA ‘Big 4’ state of play ahead of Wimbledon

5 hrs ago

Would a Toronto byelection loss spell doom for Trudeau?

5 hrs ago

BlackSuit ransomware gang blamed for ongoing car dealership outages

5 hrs ago

'Unreal' injury-time equaliser saves football powerhouse

5 hrs ago

Nigel Farage accused of cosying up to the Kremlin by former NATO boss

5 hrs ago

Dagestan, in southern Russia, has a history of violence. Why does it keeps happening?

5 hrs ago

Marines revive a World War II airfield on Peleliu in Pacific pivot

5 hrs ago

Fortnite Brings Tilted Towers and Other Fan Favorite Locations, But With a Twist

5 hrs ago

Shadow of the Erdtree Puts the Cherry on Top of Elden Rings Main Strength

5 hrs ago

Anger erupts as Albo's governor-general is awarded payrise

5 hrs ago

Charo Makes Rare Public Appearance at Project Angel Food Event: 'Life Is Beautiful' (Exclusive)

5 hrs ago

Boozed-up England fans sing '10 German bombers' chant in Cologne

5 hrs ago

Show Respect: ‘Boys are surprised we talk about this, it’s become normalised’

5 hrs ago

After clash with prosecutor, judge reserves ruling on restricting Trump’s rhetoric about agents’ classified documents search

5 hrs ago

Peter Dutton’s nuclear plan ‘doesn’t deliver’ any ‘energy price decrease’ until 2040

5 hrs ago

Where to watch Netherlands vs. Austria live stream, TV channel, lineups, prediction for Euro 2024 match

5 hrs ago

China lunar probe to return to Earth with samples

5 hrs ago

Report: Knicks’ OG Anunoby declines player option, enters unrestricted free agency

5 hrs ago

Saints offensive line ranked 19th in the NFL

5 hrs ago

Senators acquire goaltender Linus Ullmark from Bruins

5 hrs ago

Why Qld feels like home for the Blues

5 hrs ago

Seahawks waive 3 undrafted free agents, make UFL champ signing official

5 hrs ago

Andrew Scott Frantically Runs to Hear Taylor Swift's ‘Style' at 'Eras Tour'

5 hrs ago

England’s Test series v New Zealand: Date, kick-off time and TV channel

5 hrs ago

Bills' McDermott Says Von Miller Has ‘Something to Prove’

5 hrs ago

US prosecutors want Boeing to face criminal charges

5 hrs ago

Finance Minister Michael McGrath set to become Ireland's new EU Commissioner

5 hrs ago

Red-hot Cardinals get huge boost in return of star catcher

5 hrs ago

How police use the mail to spy on you: 60,000 cases in last decade with little pushback

5 hrs ago

These 3 Republicans are Trump’s most likely VP picks

5 hrs ago

Roy Jones Jr. announces his son, DeAndre, died by suicide

5 hrs ago

Luxury Gyms, Like Equinox and Life Time, Are Taking Over Big Retail Spaces

5 hrs ago

Automobili Pininfarina PURA Vision wins prestigious Red Dot Award: Design Concept 2024

5 hrs ago

Pop legend Robbie Williams wears his AFL jersey to see if he still gets recognised in London - with some very surprising results