You are here

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

39422720 - 11_08_2016 - sbgym12.jpg
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.

Full story here.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes