SINGAPORE, July 9 (The Straits Times/ANN): Winding-up petitions have been filed against Papparich Group Sdn Bhd, which runs a chain of namesake restaurants serving Malaysian cuisine.
The Malaysian company is a joint venture partner of Singapore-listed ST Group Food Industries, in connection with ST Food Group's indirect subsidiary Papparich Australia.
There are 125 Pappa Rich restaurants worlwide, 83 of which are in Malaysia, with six in Singapore.
The petitions were filed by Chen Khai Voon, and investment holdings firm Agathisfour in the High Court of Malaya on May 15 and May 22, respectively. They are due to be heard on Sept 21 and Nov 3 respectively.
ST Group Food, which does not operate the PappaRich restaurants in Singapore but has 29 outlets in Australia and five in New Zealand, said it does not expect the petitions to have any impact on its business and operations. "Our group will continue to hold the exclusive rights to the PappaRich brand in Australia and New Zealand," it said.
The Australian-based food and beverage group has other international brands such as Gong Cha, Ne Ne Chicken, Hokkaido Baked Cheese Tart, Ippudo, IDarts and Go Noodle House.
ST Group Food said it will provide further updates to its shareholders and potential investors when there are material developments.
The company's shares were trading unchanged at 11.4 cents as of 10:13am on Thursday.
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