No walk in the park for SuperPark creditors, staff
Indoor park operator's Asia group is under interim judicial management, with employees and creditors left in limbo
Add BT as a preferred source
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.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Koh Brothers Eco Engineering faces up to S$57.6 million in potential liabilities from legal disputes
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
DayOne secures S$530 million green loan from DBS, OCBC and UOB for Singapore data centre
