BELEAGUERED No Signboard could run the risk of a potential conflict of interest, as interim chief executive Lim Teck-Ean is also a substantial shareholder in white knight investor Gazelle Ventures, a source with knowledge of the restaurant operator’s corporate affairs told The Business Times.
Gazelle Ventures has offered investments into No Signboard, as well as support for its acquisitions and the stock’s resumption of trading.
According to a Jan 15 filing from the Accounting and Corporate Regulatory Authority (Acra), Lim is currently a director of Gazelle Ventures, and was appointed on Sep 27, 2012. He had stepped down as chief executive of Gazelle Ventures when he assumed the role of head...
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