No walk in the park for SuperPark creditors, staff

Singapore

THE signs on the doors of SuperPark Singapore, an indoor playground at Suntec City that has been closed since the circuit breaker in April, and its social media pages suggest it will reopen soon. But behind its closed doors, legal and financial woes have ensued, while creditors and employees have been left in the lurch.

SuperPark Singapore and its counterparts in Hong Kong, Bangkok and Kuala Lumpur are subsidiaries of holding company SuperPark Asia Group, which is now under interim judicial management. The latter has S$18 million in liabilities, based on documents provided by creditors and seen by The Business Times. SuperPark Asia's Finnish parent SuperPark Oy was to have provided some financial support, but it fell short.