So it is not illegal to buy reviews correct? But if consumer complaint due to believe in those good reviews and that company will be charged under unfair business practice. So it is a linked action but the act of just buying fake reviews are not illegal am I correct?
You might have been seeing social media posts of Singapore businesses apologising for fake reviews recently. Here’s what happened and why we might be seeing more:
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Crystal Jade’s Singapore & Hong Kong Holding Companies Placed Under Receivership; Restaurants Remain Open
👉 https://goodyfeed.com/crystal-jades-singapore-restaurants-remain-open/
Here's the full detailed breakdown from the report & verified updates:
Crystal Jade’s Singapore & Hong Kong Holding Companies Placed Under Receivership; Restaurants Remain Open
Source: Goody Feed / George Yang | Published: 30 Sep 2026, 1:25pm
📌 Key Announcement
On Wednesday, 30 September 2026, advisory firm Kroll announced it has been appointed as receiver over:
- Singapore: Crystal Jade Culinary Concepts Holding
- Hong Kong: Crystal Jade Culinary Concepts Holding (Great China)
Receivership means an independent party takes control of company assets, typically due to financial obligations — this does NOT mean restaurants are closed .
🍽️ Operations Status
- ✅ All restaurants remain open for business
- ✅ Existing management team continues to run daily operations
- ✅ Customers can dine as normal
🔍 What Kroll Is Doing
- Reviewing group’s financial & operational position
- Assessing strategic options for brands, restaurants & businesses
- Goal: Stabilise the business & preserve value
- Stakeholders will be engaged regarding potential restructuring when appropriate
📉 Outlet Closures in Singapore (2026)
5 outlets closed this year:
# Location Closed
1 Hillion Mall Earlier 2026
2 Suntec City ~Jul 2026
3 Great World 1 Sep 2026
4 The Clementi Mall 15 Sep 2026
5 Jurong Point 18 Sep 2026
- Remaining: ~13 outlets across brands: Palace, Golden Palace, Hong Kong Kitchen, La Mian Xiao Long Bao, CJ GO
- VivoCity Pavilion outlet: Temporarily closed for renovation from 26 Sep
- Affected employees offered redeployment where possible
- Statement: "We regularly review our network based on changing market conditions and long-term priorities"
📖 Background
- Founded: Singapore, 1991 — homegrown Chinese restaurant group
- 2014: L Capital Asia (L Catterton Asia, backed by LVMH) acquired majority stake
- Peak (2015): ~120 restaurants worldwide, 47 in Singapore
- Current status: No formal restructuring plan announced yet; review remains ongoing
No further details on debts, timeline or potential sale have been released as of 2 Oct 2026.