No Signboard to acquire 60% stake at Dining Haus for $1.2m

It will acquire the stake from Chia Shu Sian and Gazelle Ventures.

No Signboard (NSB) has entered into a sale and purchase agreement with Chia Shu Sian and Gazelle Ventures to acquire 60% of the entire issued and paid-up capital of catering firm Dining Haus for $1.2m.

In connection with the acquisition, the NSB also inked a shareholders’ agreement with Chia to “regulate the relationship” between the shareholders of the Dining Haus and to “set out the basis on which the business affairs of the catering firm will be managed and controlled.

Chia is the CEO of Dining Haus and owns the entire issued and paid-up share capital of Target and Eat What.

Dining Haus has an issued and paid-up share capital of $100,000 comprising 100,000 ordinary shares.