Executive moves: No Signboard Holdings

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 Holdings has appointed two non-executive directors from Gazelle Ventures, which is providing the troubled chilli crab restauranteur with rescue financing.

Tan Keng Tiong Alvin, age 56, has been appointed as non-executive director, effective 14 June, No Signboard said in filings to SGX. From December 2017 to the present, he has been the chief operating officer at Gazelle Ventures, and from October 2008 to July 2017, he was the senior vice president for business development and investor relations at Baker Technology, the filing said.

Lim Teck-Ean, age 47, was appointed as non-executive director, effective 14 June, the filings said. Lim Teck-Ean has been the CEO of Gazelle Ventures since 2016, and was a director of business development at GRP from 2011-2014, the filings said.

As a result of the rescue financing, Gazelle Ventures is expected to own 75 percent of No Signboard; Lim Teck-Ean is one of the beneficial owners of Gazelle Ventures, the filing said.

In addition, Lim Lay Hoon, age 47, is resigning as an executive director of No Signboard, effective 14 June, to focus solely on her role as chief operating officer due to the company’s current financial situation, a filing said. She was appointed as an executive director in 2017, the filing said.

Su Haijin, age 39, is resigning as non-executive director, effective 14 June, due to his current and future business and other commitments, a filing said. He was appointed to the role in October 2021, the filing said. Su Haijin holds 92.48 million shares of No Signboard, the filing said.