Corporate digest

TT International

BIG Box Singapore (BBS), an indirect wholly-owned subsidiary of TT International, has initiated creditors' voluntary liquidation proceedings on Tuesday. Prior to the start of its liquidation, BBS's principal activities were general retail trade under the warehouse retail scheme (WRS), which included the selling of goods on the ground floor of the Big Box building and operating the supermarkets in the building.

The Big Box building is owned by Big Box, a 51 per cent subsidiary of struggling mainboard-listed consumer electronics retailer TT International. It was put up for sale in May by receivers and managers of Big Box.