No Signboard warns of losses owing to ailing beer business

Singapore

F&B group No Signboard Holdings has flagged that it would record losses for its fiscal fourth quarter and full year owing to an impairment charge on its fizzling beer business.

In a filing with the Singapore Exchange on Thursday, No Signboard said it had undertaken a review on the recoverability of the group's goodwill and intangible asset of its beer business, and has decided to impair the asset in accordance with Singapore …