Envy ex-director’s eateries – one shut, two up for sale
SINGAPORE – It cost $1.5 million to set up but Cicada, a trendy 4,000 square foot restaurant-cum-live music lounge that is linked to troubled businessman Ng Yu Zhi, is now being wound up after banks started shutting accounts linked to him.
Two other food and beverage businesses – Japanese omakase restaurant Nishikane and sake “japas” bar Sake Labo – where Ng is a major shareholder, have also been put up for sale.
Please subscribe or log in to continue reading the full article.
Get unlimited access to all stories at $0.99/month
- Latest headlines and exclusive stories
- In-depth analyses and award-winning multimedia content
- Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*
*Terms and conditions apply.
document.addEventListener(‘ldapLoginDetailsReceived’, function(e) {
var propenmo = window.propenmo1;
if (typeof propenmo === “undefined”) {
propenmo = -1;
console.error(“propenmo -1”);
}
}, false);
if( window.innerWidth<=740 && document.getElementById("dfp-ad-imu1-mobile") != null) {
var element = document.getElementById("dfp-ad-imu1");
element.parentNode.removeChild(element);
document.getElementById("dfp-ad-imu1-mobile").id = "dfp-ad-imu1";
}
googletag.cmd.push(function() {
googletag.display("dfp-ad-imu1");
});