No Signboard Holdings Ltd. (Catalist:1G6) agreed to acquire 60% stake in Dining Haus Pte. Ltd. from Gazelle Ventures and Chia Shu Sian on July 14, 2023. No Signboard Holdings Ltd. (Catalist:1G6) entered into an agreement to acquire 60% stake in Dining Haus Pte.

Ltd. from Gazelle Ventures and Chia Shu Sian for SGD 1.2 million on January 10, 2024. The shares will be acquired for a cash payment of SGD 0.9 million and SGD 0.3 million in the form of issue and allotment of shares of No Signboard which will be payable by April 2024 on the achievement of certain levels of profit for the year ending August 31, 2023. The consideration will be funded from the investment amount of SGD 5 million received from Gazelle Ventures under the Implementation Agreement entered on July 1, 2022.

The transaction is conditional upon the results of the legal, financial, tax and commercial due diligence investigations and financial audits, including an independent valuation, all necessary corporate and/or regulatory approvals, compliance in all material aspects with all of the terms, covenants and conditions of the agreement, No Signboard having performed in all material respects all of its obligations, no material adverse change on the prospect, operations or financial condition of Dining Haus, completion of the Eat What Business transaction, employees entering into new employment agreements with Dining Haus, no competent government authority has enacted, issued or promulgated any applicable laws that are in effect and has the effect of making the completion contemplated under the agreement illegal, the warranties and representations given by the vendor in the agreement being true, accurate and correct and if required, approval of the shareholders of No Signboard being obtained in an extraordinary general meeting. The completion of the acquisition will take place at the office of the vendor's solicitors at a time to be agreed within fourteen days from the date the last of the conditions precedent are satisfied.