Under terms of the deal first announced last September, No Signboard was to issue nearly 77.8 million new shares at 4.5 cents each to Tjiang, who was introduced to No Signboard by executive chairman and CEO Lim Yong Sim.
No Signboard Holding’s deal to bring in a new investor via a share placement exercise has fell through.
Henry Chandra Tjiang, an Indonesian private investor, was to have invested $3.5 million in the seafood restaurant operator.
