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
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Jessie Lim
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.
In response to queries from The Business Times, WeWork’s spokesperson in Singapore said: “We have not and do not comment on speculation. WeWork Singapore remains committed to providing members with exceptional office space and services throughout the region.” The company added that all its 14 locations here are operational.
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