Image Source: AsiaOne
SINGAPORE - PrimePartners Corporate Finance said Kimly executive director Vincent Chia was the key person driving the coffee shop operator's initial public offering (IPO) - not Pokka's former chief executive Alain Ong, who is being sued by the beverage giant alleging he was part of a conspiracy that had caused the drinks maker to suffer at least $10 million in losses. PrimePartners was the sponsor of Kimly's IPO in 2017, and is its continuing sponsor. Pokka has accused Mr Ong of working with others to divert business to another beverage company, Asian Story Corporation (ASC), and of inflating the value of ASC in anticipation of its acquisition by Kimly. Pokka alleged that Mr Ong, whose wife is actress Vivian Lai, has breached his duties as a director and employee.
Source: AsiaOne