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SDAI Limited Faces Delays in Special Audit Completion

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The latest update is out from Kitchen Culture Holdings Ltd. ( (SG:5TI) ).

SDAI Limited, previously known as Kitchen Culture Holdings Ltd., is addressing queries from the Securities Investors Association (Singapore) regarding its annual report for the financial year ended December 30, 2024. The company suspended trading of its shares in July 2021 due to incomplete disclosure of material information and is currently working on finalizing Phase 2 of a special audit related to deviations in the use of approximately $19.3 million from previous fundraising. Despite management’s cooperation, the audit remains incomplete, delaying the company’s business transformation plan and trading resumption proposal.

More about Kitchen Culture Holdings Ltd.

Current Market Cap: S$33.97M

For an in-depth examination of 5TI stock, go to TipRanks’ Stock Analysis page.

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