, Singapore
407 views

No Signboard disagrees with law firm’s allegations

GuGong alleged that No Signboard’s unilateral termination was “unlawful.”

No Signboard declared that it disagrees with shareholder GuGong allegations and demands and seeks to “defend them vigorously.”

In a bourse filing, the food and beverage firm said it received GuGong lawyers’ letter saying that GuGong views No Signboard’s unilateral termination of agreements as unlawful and in violation of the agreements.

“The demands in the letter include an immediate retraction of the notice of termination and the [No Signboard’s] announcement dated 3 March 2023, and the payment to GuGong of the costs that GuGong has incurred in connection with the matter,” read the statement.

With this, No Signboard, whose shares have been halted from trading, vowed that it will update its shareholders about the matter.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!