WeWork insists it’s business as usual in Singapore amid talk of US parent seeking bankruptcy protection
All its 14 locations here still operational, but landlords monitoring situation closely
WEWORK said on Wednesday (Nov 1) that all 14 of its locations here are operational even as the co-working giant is reported to be filing for bankruptcy as early as next week in the US.
Shares of New York Stock Exchange-listed WeWork fell 32 per cent after the Wall Street Journal first reported that the company is considering filing a Chapter 11 petition in New Jersey, according to sources familiar with the matter.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%
Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand