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

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 $25.6 million as at June 30 this year, said a report by its provisional liquidators.

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