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California Fitness gym chain chalked up losses of more than S$25.6m

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JV Fitness, the company that owns and operates the now-closed California Fitness gym chain in Singapore, had chalked up losses of more than S$25.6 million as at June 30 this year, said a report by its provisional liquidators.

[SINGAPORE] JV Fitness, the company that owns and operates the now-closed California Fitness gym chain in Singapore, had chalked up losses of more than S$25.6 million as at June 30 this year, said a report by its provisional liquidators.

The company has total liabilities of S$30.8 million and assets of S$5 million, said the report by Mr Tim Reid and Ms Theresa Ng, who were officially appointed as liquidators by the High Court on Friday.

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