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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.

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Khazanah Nasional

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

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ABOUT ALFRED LEE

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

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