Crystal Jade closes four more Singapore outlets and cuts about 120 jobs ahead of proposed sale

The Straits Times reports that Crystal Jade closed three La Mian Xiao Long Bao restaurants and a Crystal Jade GO outlet on October 6, issuing termination notices to about 120 workers during a restructuring ahead of a proposed sale. Advisory firm Kroll says nine outlets remain open in Singapore, with a workforce of about 210. Its representatives do not expect further outlet closures there.