SGX RegCo rejects No Signboard’s application for extension to hold AGM

THE Singapore Exchange Regulation (SGX RegCo) has rejected restaurant operator No Signboard’s application for further extension to hold the company’s annual general meeting (AGM) by Aug 18.

SGX RegCo also rejected the company’s application to submit its sustainability report by Aug 3, to release its Q1 FY2023 results by Aug 10, to release its Q2 FY2023 results by Aug 17, and to release its Q3 FY2023 results by Aug 24. This was shared by the company in a bourse filing on Jul 18 (Tuesday).

In a letter, SGX RegCo stated that it “reserves the right to take any action for breaches of Catalist rules”.

It has urged the board of No Signboard to take “immediate action” to announce the company’s FY2022 and FY2023 unaudited financial results, issue its FY2022 annual report and sustainability report, as well as hold its FY2022 AGM “as soon as possible”.

No Signboard said it will release its unaudited quarterly results for FY2023 “as soon as possible” and “endeavour to work with its auditors to expedite the completion of its audit and hold its AGM for FY2022 as soon as practicable”.

Shares of No Signboard have been suspended from trading since January 2022.