All retailers of restaurant chain Soi 47 are closed, following stories that the previous proprietor defaulted on funds after abruptly promoting the enterprise, leaving over S$160,000 in unpaid payments.
A frozen meals provider, Haiseng Meals Firm, which has labored with Soi 47 since 2019, accused the corporate of defaulting on funds since Sept 2024, in line with Shin Min Each day Information.
Its ex-owner and supervisor, surnamed Ang, has been uncontactable since Aug 2025.
Ex-owner jailed for labour violations
In accordance with 43-year-old He Zhenzhu, the pinnacle of Haiseng Meals Firm, Ang had all the time positioned orders straight and settled funds month-to-month, describing their transactions as “clean for a number of years.”
Nevertheless, issues took a flip for the more serious late final 12 months. Each time He requested fee, the restaurant chain’s monetary supervisor allegedly refused to pay him, citing excuses similar to Ang being abroad or the cheque e-book being unavailable.
In Dec 2024, Ang admitted that the corporate was having money movement issues and requested for a grace interval, promising to repay the arrears in month-to-month instalments of S$20,000 to S$30,000 beginning that month.
He agreed on the grounds of their long-standing relationship. Nevertheless, in Aug 2025, the funds instantly stopped altogether, and He might not attain Ang.
After investigating, He found that Ang was in jail, reported Shin Min.
In accordance with a Ministry of Manpower press launch on Jun 19, a 45-year-old man, Ang Wee Ling, was sentenced to 14 months’ imprisonment for his involvement in unlawful labour importation.
He was investigated for allegedly conspiring with two others to fraudulently apply for work passes by his firms, Toast Inn and Tinn3 Pte Ltd, that are each listed below Soi 47, in line with the Singapore Meals Company’s monitor data for licensed meals institutions.
“No obligation to pay others”
Shin Min stated that He’s subsequent makes an attempt to contact the Soi 47 Two’s registered director bore no fruit, because the director allegedly claimed that he was merely a “nominal figurehead” whereas Ang had all the time run every day operations.
The director, surnamed Hua (transliteration) shared that he joined the corporate in Apr 2025 after assembly Ang by a pal just a few years again. Ang had additionally informed him that he “wanted to borrow almost S$2 million from the financial institution.”
After reviewing the corporate’s funds, Hua noticed that the enterprise had potential and agreed to affix the corporate. Nevertheless, he later realized that Ang had been imprisoned in Jun 2025 for labour-related offences.
“It was solely in Sept that I realised how deep the corporate’s money owed ran, after different suppliers and companions began contacting me,” he stated. Hua added that after checking the accounts, he discovered suspicious transactions and plans to report them to the police.
Furthermore, Hua stated that the corporate had 4 or 5 companions who invested in 2017, however by no means really made any revenue.
After contacting Hua, He had repeatedly approached the brand new administration of Soi 47 Two to hunt clarification, solely to have upset the brand new supervisor, who then lodged a police report.
When contacted, the brand new supervisor of Soi 47 Two, surnamed Zhuang (transliteration), shared with Shin Min that the group solely just lately took over operations and was not answerable for the earlier proprietor’s money owed.
“Whoever owes the cash needs to be held accountable,” he stated. “We’ve got no obligation to pay for others.”
Having hit a useless finish, He has since filed a police report and hopes his expertise will function a warning to different gamers within the meals provide trade.
All retailers shut
A test on Google Maps revealed that 5 of Soi 47’s six retailers are listed as both briefly or completely closed, with solely the Toa Payoh department nonetheless listed as operational. Nevertheless, in line with a Mothership report, the Toa Payoh outlet can be closed.
Vulcan Publish has reached out to Soi 47 for additional remark through e-mail and their enterprise cellphone quantity, however has not obtained any reply.
- Learn extra tales we’ve written on Singaporean companies right here.
Featured Picture Credit score: Jocelin Lam through Google Evaluations / Soi 47
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