DHC Capital supports No Signboard Holdings Ltd (SGX: 1G6) on obtaining Court sanction of the schemes
The schemes of arrangement for No Signboard Holdings Ltd and its subsidiaries NSB Hotpot Pte Ltd and NSB Restaurants Pte Ltd were sanctioned by Court on 28 October 2022. The scheme meetings were held on 11 October 2022, at which the scheme companies obtained the approval of 100% in number and 100% in value from scheme creditors present and voting for each of the three schemes. The Orders of Court were lodged with the Accounting and Corporate Regulatory Authority of Singapore on 2 November 2022. The scheme has now commenced with payment of benefits under the scheme subject to satisfaction of conditions precedents as set out in the scheme.
DHC Capital acted as independent financial advisor to No Signboard Holdings Ltd and Scheme Manager.
Read on for No Signboard’s announcements on the sanction of the schemes and lodgement of the Orders of Court with ACRA.
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.