No Signboard submits revised trading resumption proposal
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Raphael Lim
NO Signboard Holdings said on Wednesday (Sep 27) that it has submitted a further revised trading resumption proposal to the Singapore Exchange Regulation (SGX RegCo) “due to recent developments in the company”.
Trading in the shares of the Catalist-listed restaurant operator has been suspended since Jan 24, 2022, as it was unable to demonstrate that it can continue as a going concern.
The company previously announced in January 2023 that it had submitted a trading resumption proposal to SGX RegCo, and later said in April that it had made revisions to the proposal.
Last Sunday, No Signboard said it has reinstated the agreement to engage its largest shareholder GuGong to provide services for operational matters, as well as that to sell its trademarks and brand name to GuGong.
Both agreements were formerly announced by No Signboard to have been terminated in March 2023, a move it then said would purportedly “expedite the completion” of a proposed investment.
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