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).
TRENDING NOW
One-third of Singapore-listed firms at risk in severe AI downturn: MAS
‘Not done’: Keppel CEO Loh Chin Hua transformed the group, but says there’s ‘still a lot to do’
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
‘We don’t want to stay as we are’: CEO Patrick Ng builds a more resilient Huationg