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According to its latest AR, there are three subsidiaries related to the beer business.
Their activities are as follows:
1. Danish Breweries Pte. Ltd Import and export, and general wholesale trading of beer and liquor
2. Draff Beer Pte. Ltd. Dormant
3. Draft Breweries Denmark ApS Dormant
According to the recent announcement, the subsidiary that was liquidated was the third one, which was used to hold the beer IP, but has since been transferred to another Singapore subsidiary. Activities of NSB's beer business are conducted through the first subsidiary.
Anyway, it is likely that NSB will cease all beer activities eventually.
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Investigation by Commercial Affairs Department
No Signboard Holdings Ltd announced that, on 24 April 2019, the Company was requested by the Commercial Affairs Department ("CAD") to assist in investigations.
The investigations appear to be in relation to matters concerning the abortive share buyback on 31 January 2019, details of which have been previously announced on 3 February 2019 and 8 February 2019.
The Company is fully cooperating with the CAD in its investigations. As part of the Company’s co-operation, from 24 April 2019 to 26 April 2019, the CAD was provided access to and was given copies of documents in connection with the abortive share-buyback. No files or records or equipment belonging to the Company have been seized by the authority.
In addition, the CEO and CFO of the Company gave statements to the CAD to provide information in connection with the abortive share buy-back. While the passport of the CEO has been retained by the CAD (which the Company understands is a requirement during investigations), no person in the Company has been arrested or charged for any offense by the authority.
The Company’s business and operations have not been affected and will continue as usual. The investigations will also not affect the CEO and CFO of the Company in their respective roles and functions as key executive management of the Company.
Specuvestor: Asset - Business - Structure.
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^^SGX RegCo trying to help them have Some Clue 
(26-11-2018, 10:17 PM)specuvestor Wrote: ^^Agree that it’s probably a sexy angle to hype up an IPO
(11-06-2018, 12:30 AM)specuvestor Wrote: (11-11-2017, 10:55 PM)specuvestor Wrote: Nice summary
IMHO No signboard also seems No Clue. They are also looking to expand to heartlands which I'm not sure they can maintain quality. Their franchise model for Geylang seems strange and looking to franchise in China. They just bought Draft Denmark in June, just Before 9M17 and already looking to invest into own brewery
Agree their trajectory is not comparable to Jumbo
They are keeping the cash cow and passing risk of new ventures to investors. Unless the new ventures turn profitable, no point spending time
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
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Why is it necessary for CAD to investigate a share buyback gone wrong?
Are there other skeletons in the closet?
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CEO arrested for possible share rigging and insider trading... simply ridiculous. From IPO till to-date, all corporate announcements are like a series of unfortunate events that are detrimental to minority shareholders. Some companies should never be listed.
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"Excluding shares that were offered to cornerstone investors" so who is the cornerstone? 
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
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Profit Guidance on the Unaudited Results for the Third Quarter Ended 30 June 2019
The Board of Directors of No Signboard Holdings Ltd. announced that after preliminary assessment of the Group’s unaudited results for the third quarter ended 30 June 2019 ("3Q2019"), the Board deems it appropriate to issue a profit guidance that the Group is expected to report a net loss for the 3Q2019, resulting mainly from lower revenue coupled with higher operating costs for 3Q2019.
The above guidance is solely based on a preliminary assessment made by the Company and is subject to review and finalisation by the Company’s audit committee. The Company is in the process of finalising the Group’s unaudited results for 3Q19, and further details of the Group’s performance will be disclosed when the Company announces its results for 3Q2019 on or before 14 August 2019.
Specuvestor: Asset - Business - Structure.
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13-08-2019, 10:57 PM
(This post was last modified: 13-08-2019, 10:59 PM by dreamybear.)
Setting up and running a business is really not easy, even for veteran businessmen.
But having experience running a business can really help a person to be a better investor, as you will know more abt what works & what doesn't work in business. However, the lesson can be quite expensive, both in terms of time and money.
------------------------------------------
All 3 Hawker fast food Asian burger outlets by No Signboard closing down after less than 1 year
August 13, 03:14 am
All three Hawker QSR outlets located at Esplanade Mall, Jewel at Changi Airport and Kent Ridge that are less than 10 months old are all closing down.
Who started Hawker QSR?
Seafood restaurant operator No Signboard set up the hawker-themed fast food outlets in late 2018. The announcement to branch out into fast food was made in June 2018.
Why are they closing down?
The closures have been attributed to “continuing losses”.
......
How much money went into setting up the outlets?
Each new outlet’s setup costs was reportedly about S$500,000.
What sparked the opening of Hawker QSR?
No Signboard executive chairman and CEO Sam Lim said in June 2018 before the opening: “Our group has observed the success of McDonald’s nasi lemak burger campaign in 2017.”
“Therefore, we are very keen to seize this opportunity and ride on this rising trend of Asian fast food.”
.........
More details https://mothership.sg/2019/08/hawker-fas...lose-down/
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(13-08-2019, 10:57 PM)dreamybear Wrote: Setting up and running a business is really not easy, even for veteran businessmen.
But having experience running a business can really help a person to be a better investor, as you will know more abt what works & what doesn't work in business. However, the lesson can be quite expensive, both in terms of time and money.
------------------------------------------
All 3 Hawker fast food Asian burger outlets by No Signboard closing down after less than 1 year
August 13, 03:14 am
All three Hawker QSR outlets located at Esplanade Mall, Jewel at Changi Airport and Kent Ridge that are less than 10 months old are all closing down.
Who started Hawker QSR?
Seafood restaurant operator No Signboard set up the hawker-themed fast food outlets in late 2018. The announcement to branch out into fast food was made in June 2018.
Why are they closing down?
The closures have been attributed to “continuing losses”.
......
How much money went into setting up the outlets?
Each new outlet’s setup costs was reportedly about S$500,000.
What sparked the opening of Hawker QSR?
No Signboard executive chairman and CEO Sam Lim said in June 2018 before the opening: “Our group has observed the success of McDonald’s nasi lemak burger campaign in 2017.”
“Therefore, we are very keen to seize this opportunity and ride on this rising trend of Asian fast food.”
.........
More details https://mothership.sg/2019/08/hawker-fas...lose-down/ There is good reason why macdonalds nasi lemak burger is an in-and-out product. Woeful excuse here.
Sent from my ONEPLUS A5000 using Tapatalk
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(14-08-2019, 07:47 AM)thor666 Wrote: (13-08-2019, 10:57 PM)dreamybear Wrote: Setting up and running a business is really not easy, even for veteran businessmen.
But having experience running a business can really help a person to be a better investor, as you will know more abt what works & what doesn't work in business. However, the lesson can be quite expensive, both in terms of time and money.
------------------------------------------
All 3 Hawker fast food Asian burger outlets by No Signboard closing down after less than 1 year
August 13, 03:14 am
All three Hawker QSR outlets located at Esplanade Mall, Jewel at Changi Airport and Kent Ridge that are less than 10 months old are all closing down.
Who started Hawker QSR?
Seafood restaurant operator No Signboard set up the hawker-themed fast food outlets in late 2018. The announcement to branch out into fast food was made in June 2018.
Why are they closing down?
The closures have been attributed to “continuing losses”.
......
How much money went into setting up the outlets?
Each new outlet’s setup costs was reportedly about S$500,000.
What sparked the opening of Hawker QSR?
No Signboard executive chairman and CEO Sam Lim said in June 2018 before the opening: “Our group has observed the success of McDonald’s nasi lemak burger campaign in 2017.”
“Therefore, we are very keen to seize this opportunity and ride on this rising trend of Asian fast food.”
.........
More details https://mothership.sg/2019/08/hawker-fas...lose-down/ There is good reason why macdonalds nasi lemak burger is an in-and-out product. Woeful excuse here.
Sent from my ONEPLUS A5000 using Tapatalk
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