Liquidation
Twelve Cupcakes owes over S$1m to creditors; workers may get Oct salary in Q1 2026
Liquidators hope to pay October salaries for 80 staff in early 2026, subject to asset recoveries
Art Works collapse: Experts cite red flags in Singapore art investment firm’s promises
Guarantees of 6% return and ‘safe-haven’ asset claims were warning signs, as investors now fight to recover their belongings
mm2 Asia seeks High Court moratorium amid doubts over entertainment group’s continued operations
It has applied for an order to prohibit current, pending or threatened proceedings from being commenced or continued against it
‘We don’t deserve this’: Twelve Cupcakes staff gather to seek recourse on salaries, CPF contributions
MOM investigating company’s non-payment of salaries and other potential breaches of the Employment Act
‘Unacceptable and unfair’: Union raps Twelve Cupcakes for abrupt closure, axing of 80 workers
The Food, Drinks and Allied Workers Union says it was not given advance notice even though the company was unionised
mm2 Asia seeks another 90-day extension for AGM
More time is needed, given the liquidation of its cinema operations and audit delays, says the entertainment company
China Evergrande liquidators appointed as receivers over founder's assets
This is the liquidators’ latest effort to recover US$6 billion in dividends and remuneration paid to Hui and other former executives
China Evergrande unit gets bids from state-owned companies
Liquidators of the property developer have been combing through the company’s assets looking for opportunities to recoup funds
mm2 Asia says voluntary liquidation of Cathay Cineplexes unlikely to affect operations
Separately, two of the group’s Malaysian subsidiaries receive letters of demand from Disney for RM1.2 million in film licence fees
Evergrande liquidators ask court to name receiver for founder Hui Ka Yan assets
The property developer has become an emblem of China’s property crisis since it defaulted in 2021
