Fast food chain Mom's Touch shuts all outlets operated by No Signboard in Singapore

KOREAN fast food chain Mom's Touch has closed all its Singapore outlets, which are operated by No Signboard Holdings' wholly-owned subsidiary Hawker QSR, from Feb 10.

In its social media posts on Facebook and Instagram on Thursday (Feb 10), the fast food chain said it has "ceased operations at all outlets with effect from today", without further elaboration.

On Tuesday, No Signboard said Hawker QSR, which operates the company's hawker-themed fast food outlets, had made a statutory declaration of its inability to continue business due to liabilities, and intends to pursue creditors' voluntary liquidation.

No Signboard had earlier received letters of demand from the landlords of 2 Hawker QSR outlets, for more than S$176,000 in rental and other arrears.

Mom's Touch had 3 outlets in Singapore - located at The Centrepoint, Paya Lebar Quarter and Eastwood Centre.

Earlier in January, restaurant operator No Signboard said it was unable to demonstrate that it could continue as a going concern, due to continued challenges in the operating environment of the local food and beverage industry.

The Catalist-listed company then also requested a voluntary suspension of the trading of its shares.

Shares of No Signboard last traded at S$0.031 on Jan 17.

READ MORE:

• No Signboard unit to pursue creditors' voluntary liquidation
• No Signboard applies for 2-month extension for AGM and filing of financial statements