Local singer Hong Junyang declares bankruptcy
Local singer-producer Hong Junyang has been declared bankrupt. (PHOTO: Instagram/angjunyang)
Local singer and producer
Hong Junyang has been declared bankrupt, according to a government gazette of bankrupt individuals published in September. The 44-year-old, best known for finishing third in the first season of
Project Superstar in 2005, confirmed the news in an interview with AsiaOne on 13 Oct.
Hong explained that his financial troubles stemmed from debts linked to his Thai street food restaurant chain,
The Original Boat Noodle, which struggled heavily during the COVID-19 pandemic. "Ever since Covid-19 started, it has been very, very tough for us, up till our closure… I tried my best,” he told the digital media outlet.
He added that this was his first foray into the food and beverage industry, and he lacked experience managing such a business. The chain had outlets in several major malls, including VivoCity, Suntec City, Bugis Junction, The Seletar Mall, Northpoint City, and Changi City Point. He also declined to reveal the size of his debts.
Hong is "thankful and grateful" for the support of his loved ones. He said: "I have family and close friends who stood by me and offered help to me. They are always there for me. But I feel that it's only responsible that I face this myself and face the music because this is the right thing to do."