Popular children's theme park operator, KidZania Singapore, is another casualty of the global pandemic.
The company reportedly owes over SGD $53.4 million ($39 million) of debt to over 1,000 creditors, where repayments will unlikely be possible in the current climate.
It was also reported that KidZania generated SGD $14.4 million in revenue last year, and a loss after tax of a staggering SGD $28 million.
The Khazanah-backed theme park first opened at Sentosa’s Palawan Beach in April 2016, but has shut down permanently after 4 years of operations on 17th June.
Since its closure, KidZania Singapore has reportedly gone into liquidation.
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Journalist at BEAMSTART. I write about breaking business news in the region.
Based in Malaysia
Works at BEAMSTART
Focused on late-stage venture and private equity investment in leading firms. Malaysia's leading professional strategic investment fund.
From Kuala Lumpur / Malaysia
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