SITENAME 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.

Please log in to read this article.

Register for free today and enjoy the following:

  • Get access to members-only content.
  • Expand your network and exchange messages with other members.
  • Promote your company, post up jobs, find customers, and raise funds.
  • Receive special invitations to upcoming events and community activities.
  • and lots more!

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 Hub for Startup News, Business Networking, and Entrepreneurial Resources. Expand your network, discover new possibilities, and tap into a vast database of resources that can help you go further in your business and career.

 

Download the App

The app for business networking and startup resources. Be part of the global community of CEOs, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

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