STB serves Asiatravel.com, subsidiaries suspension notice, casts doubts on operations

Singapore

CATALIST-listed Asiatravel.com Holdings and its subsidiaries may have their travel agent licences suspended by the Singapore Tourism Board (STB), after the firm's auditor cast doubt on its ability to continue as a going concern last week.

The STB said on Friday that it had served Asiatravel.com and its subsidiaries, AT Reservation Network, AT Express and SH Tours Pte Ltd a notice of intent to suspend, in accordance with the Travel Agents Act (Chapter 334).