KidZania Singapore owes S$53m to over 1,000 creditors
Some of them are frustrated over what is seen as a lack of clarity in the process towards recouping money
Singapore
KHAZANAH-BACKED family attraction KidZania Singapore, now under liquidation, owes S$53.4 million to more than 1,000 parties including businesses and government agencies in Singapore, The Business Times (BT) has learnt.
About S$50 million of that sum is listed as claims by Themed Attractions Resorts & Hotels (TARH) - the leisure and tourism arm of Malaysian sovereign fund Khazanah Nasional - which owns an 80 per cent stake in Rakan Riang, the joint venture company behind KidZania Singapore.
TRENDING NOW
Knight Frank Singapore CEO Galven Tan resigns after 2.5 years at helm
ABSD deadline extended to up to 7 years for developers of large en bloc sites to encourage reuse of land
15-month wait-out curb lifted for private property owners buying HDB resale flats
Philippines’ income upgrade hides grim reality for most Filipinos