BEAMSTART Logo

KidZania Singapore owes over $39 million to creditors; goes into liquidation

They owe over 1000 creditors.


KidZania Singapore owes over $39 million to creditors; goes into liquidation | BEAMSTART News

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.

ABOUT THE AUTHOR

Alfred Lee

Journalist at BEAMSTART. I write about breaking business news in the region.

Based in Malaysia

Works at BEAMSTART

ALSO MENTIONED IN THIS POST

Khazanah Nasional

Focused on late-stage venture and private equity investment in leading firms. Malaysia's leading professional strategic investment fund.

Industry:


Have a company of your own? Create a company profile today and easily find customers, raise funds, or hire talent.

BEAMSTART is a Global Community and News Portal for Entrepreneurship. We cover the latest news and bring together a global network of CEOs/founders, Investors, Business Leaders, and Professionals.

 

Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).