Winding-up Petitions Filed Against PappaRich Group in M’sia; Here’s What You Need to Know If It’s Your Favourite Restaurant

If you love authentic Malaysian food, you’re probably a fan of PappaRich.

Known for its delicious Penang Prawn Mee and Satay, PappaRich is one of the few modern restaurants that takes pride in its food.

According to The Smart Local, the PappaRich research and development team frequently travel to all corners of Malaysia to look for the tastiest meals in the country, so they can bring it back to loyal customers in their restaurants.

With stores in 15 countries, PappaRich is popular with food lovers all over the globe.

Sadly, like many restaurants during the Covid-19 pandemic, PappaRich may be forced to close.

Winding-up Petitions Filed Against PappaRich Group in M’sia; Here’s What You Need to Know If It’s Your Favourite Restaurant

Winding-up petitions have been filed against Papparich Group Sdn Bhd in Malaysia, the restaurant that owns the chain of its namesake eateries.

The Malaysian company is a joint venture partner of the Singapore-listed ST Group Food Industries, reported The Straits Times.

According to Company Debt, a winding up petition is a legal notice issued by a creditor with the intention of forcing a company into closure.

If the petition is successful, then the company will placed into a compulsory liquidation; all its assets will be sold and used to pay off the company’s debts.

Any excess proceeds are then returned to the shareholders of the company.

The winding-up petitions were reportedly filed by AgathisFour Sdn Bhd, an investment holdings company, in the High Court of Malaya on 15 May and 22 May.

ST Group, however, 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.

When contacted by news outlet Free Malaysia Today, a representative declined to comment.

“As the matter is now the subject of litigation, it ought to be left for the determination of the court,” the representative said.

The lawyers representing AgathisFour also declined to comment.

The restaurant group will learn its fate in court on 21 Sept and 3 Nov respectively.

A Sad Time For Mouths

One by one, businesses, especially food-and-beverage establishments, are crumbling beneath the weight of the Covid-19 pandemic.

It truly is a sad time for restaurant owners, as well as the mouths of hungry food lovers.

Beloved eateries in Singapore such as Boufe Boutique Cafe, Chi Kinjo, and The Pelican, for instance, have permanently shuttered.

Hopefully, with dining out now permitted, business will pick up for some of these dying restaurants so we don’t have to say goodbye to them forever.