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Insolvency numbers are likely to remain at record levels until well into next year, one practitioner says. Keaton Pronk, an insolvency practitioner at McDonald Vague, said corporate insolvency appointments were at historically elevated levels in August, at 274 in the month. He said there were 2099 appointments in the year so far, putting it on…
MOUNTING LOSSES The True Singapore Group recorded revenue of about HK$181.2 million (US$23.1 million) and a loss of about HK$34.3 million for the year ended Dec 31, 2025. At the end of 2025, it had total assets of about HK$149.7 million and liabilities of about HK$555.5 million. Unaudited management accounts showed that the business recorded…
SINGAPORE – True Fitness and True Yoga in Singapore are undergoing liquidation and set to close, with their parent company Kontafarma China Holdings declaring that they cannot continue business owing to liabilities. The Accounting and Corporate Regulatory Authority’s BizFile records as at Sept 11 lists both True Fitness’ and True Yoga’s statuses as “in liquidation…
The True Fitness and True Yoga chains in Singapore are preparing to cease operations as part of a liquidation process. Parent company Kontafarma China Holdings cited intense market competition and rising customer acquisition costs among the reasons, Channel NewsAsia reports. Company liquidation According to Kontafarma’s stock exchange filing, the boards of directors of True Fitness…
[SINGAPORE] The parent company of fitness chain True Singapore has announced that it will begin provisional liquidation of its subsidiaries True Fitness and True Yoga, citing fierce competition and rising customer acquisition costs. True Fitness and True Yoga – the Singapore companies behind the gym True Fitness, TFX and Yoga Edition brands – have begun…
An inquiry also found regulators did not have a “comprehensive view” of how much customers owe despite early identification of problems and intervention being considered key to limiting the impact of arrears. With energy and water bills set to rise further, the prevalence of debt is set grow, the Public Accounts Committee (PAC) said, with…
[Exclusive] Government-Funded Debt Relief: 6.6 Trillion Won in Bonds Purchased, Recovery Rate Only 3.4% 아시아경제 Read the original article here
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