Kimly chairman Lim and executive director Chia arrested, out on bail

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SINGAPORE (Dec 5): Coffeeshop chain Kimly’s executive chairman Lim Hee Liat (right) and executive director Chia Cher Khiang (left) were arrested by the Commercial Affairs Department on Dec 4, but are now out on bail.

The two men are being investigated for a suspected offence under Section 199 of the Securities and Futures Act.

“They continue to assist in investigations, and no formal charges have been made against them by the Authorities,” the company announced in...(click on link for full story on theedgesingapore.com)