S’pore F&B says No Signboard owes more than S $ 176,000 to renters – Wired PR Lifestyle Story

Singapore restaurant operator No Signboard is said to owe more than S $ 176,000 in rent and other fees.

The group said in a stock exchange document on Thursday night (February 3) that it had received letters of request from the owners of its two fast food outlets. Claims will have a “material adverse effect” on the financial condition and performance of the group.

No Signboard said landlords have threatened to sue if the group fails to pay the money it owes.

Fast food outlets in Paya Lebar and Baratzean

A letter of application is for S $ 163,965.56 from Milano Central, owner # 01-37 of Paya Lebar Road 10, PLQ Mall, Paya Lebar Quarter.

The other application letter is for S $ 12,161.10 from Frasers Property Centrepoint, the landlord of The Centrepoint Singapore.

Both units are occupied by Hawker QSR subsidiaries wholly owned by No Signboard. A check on the group’s website showed that two of its Mom’s Touch Chicken & Burger fast food restaurants are located at these addresses.

No sign of concern, can’t follow

Last week, No Signboard called for a halt to the trading of its shares because it expressed concern that it could not demonstrate its ability to follow the rules of the listing.

He noted the ongoing “functioning” challenges in the local food and beverage industry, including pandemic-induced dining restrictions.

Featured Image Credit: beauterunway, iriskok