OOWAY GROUP Clarifies Factual Inaccuracy in Kitchen Culture's 14 October 2022 Announcement to SGXNet
- S$1.5 million interest-free loan with no precondition that a specific candidate had to be appointed as CFO of the Company (contrary to what is alleged by Kitchen Culture) was offered by OOWAY Group- OOWAY Group invites Kitchen Culture to circulate the final 8 June 2022 Term Sheet of the unconditional interest-free loan to its shareholders for purpose of transparency- OOWAY Group surprised that Kitchen Culture did not accept the unconditional interest-free loan and revealed subsequent S$1.0 million loan taken by Kitchen Culture had a levied interest rate of 10% per annum upfront with an addit...