No hope, no way out for No Signboard’s investors short of exit offer or winding up company
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LONG-SUFFERING shareholders of No Signboard Holdings have had no lack of reasons to feel aggrieved.
The final straw might have been when the restaurant operator’s auditor, PKF-CAP, in January flagged uncertainty about whether the group would be able to continue operating as a going concern.
Among other things, No Signboard’s net loss for FY2022 came in at S$4.7 million, and its total liabilities exceeded total assets by S$7.1 million.
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