DHC Capital appointed as independent financial advisor to No Signboard Holdings Ltd (SGX: 1G6) on debt restructuring
DHC Capital has been appointed as independent financial advisor to No Signboard Holdings Ltd (SGX: 1G6) to advise on the debt restructuring and scheme of arrangement.
No Signboard Holdings Ltd applied to commence a Court supervised process to restructure its liabilities. The Court granted the application for a moratorium against enforcement actions and legal proceedings by creditors pursuant to section 64 of the Insolvency, Restructuring and Dissolution Act 2018 (“IRDA”) and super priority status for rescue financing pursuant to section 67(1)(b) of the IRDA.
Read on for No Signboard’s announcement on the appointment of DHC Capital and terms and conditions of the new S$5 million investment.
About No Signboard Holdings Ltd
No Signboard Holdings Ltd (SGX: 1G6) is listed on the Singapore Exchange and is a Singapore based food and beverage (“F&B”) company operating a chain of restaurants under different F&B brands and concepts, namely No Signboard Seafood, Little Sheep Hot Pot, Mom’s Touch Korean Chicken & Burger and a beer business, which distributes the beer brand Draft Denmark in Singapore.