SINGAPORE – Beleaguered heritage firm My Community Limited, which is currently undergoing liquidation, owes the National Arts Council (NAC) about $330,000, The Straits Times has learnt.
A spokesperson for the Ministry of Culture, Community and Youth (MCCY) told ST on July 24 that the company has an outstanding debt with the Cultural Matching Fund, which is administered by the council.
According to documents prepared by My Community Limited’s liquidator – Alton Murray Chun-Wen Poon of Perun Consultants (Singapore) – the NAC is owed a total of $330,675.75 by the company, which on July 3 appointed Poon to be its provisional liquidator.
Poon’s appointment was confirmed following a creditors’ meeting that was held virtually on July 24.
As…