SG brief: No Signboard

The No Signboard Seafood outlet at VivoCity mall in Singapore; taken in 2018.The No Signboard Seafood outlet at VivoCity mall in Singapore; taken in 2018.

No Signboard said Friday the Singapore court has granted “super priority” status over debt from its rescue financing deal with Gazelle Ventures.

The rescue financing will be distributed to the troubled iconic chilli crab restauranteur based on the milestones already agreed on in the financing deal, No Signboard said in a filing to SGX.

In addition, No Signboard said the court agreed to a debt moratorium until 29 October; that provides the company relief from debt collections.

Read more: Troubled No Signboard enters deal for rescue financing from family office investor