Written by
Terence Wong, CFA
CEO and Executive Director
Azure Capital
Dentist attempts to save No Signboard
Mar 20, 2022
Caught up with Dr Chin Siau Ng, CEO of Singapore’s largest dental chain Q&M with 100 clinics here (another 42 in Malaysia). He made news recently for taking a controlling stake in No Signboard Holdings, the embattled seafood restaurant group best known for its white pepper crab. The Catalist-listed firm was suspended from trading in January as it was unable to demonstrate that it can continue as a going concern.
He bought a 29% stake for S$1, together with a commitment for an interest-free unsecured loan of S$2.6 million to the seafood group.
Turning around a floundering F&B business in the face of all the challenges certainly seems like pulling teeth. But then again, pulling teeth is Chin Siau’s forte.