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.

Kimly chairman and director under probe; $16 mil acquisition cancelled

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