The Business Times
business-time-50
SUBSCRIBERS

The Working Capitol, owing S$13.2m, applies for debt restructuring

google-preferred-sourceAdd BT as a preferred source
Sharanya Pillai

Sharanya Pillai

Published Tue, Jun 29, 2021 · 09:50 PM

    Singapore

    CO-WORKING operator The Working Capitol has filed for a court-supervised restructuring, amid debts of S$13.2 million owed to creditors, excluding related parties, The Business Times understands.

    Including loans from its co-founders, related parties and intercompany entities, as well as tenant deposits, The Working Capitol's total debt is understood to amount to about S$26 million.

    Co-workingDebt restructuringshophouses

    TRENDING NOW

    Set up by Nichol Ng and her brother, FoodXervices traces its roots to 1934 with the business their grandfather started.

    ‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next

    US President Donald Trump with President Xi Jinping after a visit to Zhongnanhai Garden in Beijing, on May 15.

    Xi Jinping has just rewritten the rules of US-China rivalry

    Former non-executive and non-independent director of CDL Kwek Leng Peck is to rejoin the property giant on Jun 1.

    Ex-CDL director Kwek Leng Peck rejoins board, six years after resigning over disagreements

    The proposed divestment of M1's telco business to Simba will be removed from Keppel's announced monetisation for 2025.

    Keppel shares drop 2.1% after M1-Simba deal falls through

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More