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The firm behind the Republic’s major art fair which was abruptly cancelled last month — after an eight-year run — was placed under provisional liquidation on Jan 31.
The winding up of Art Stage Singapore was announced on Tuesday (Feb 12) by the appointed provisional liquidator, Mr Tee Wey Lih from Acres Advisory. Mr Tee is now arranging to recover the company’s assets and records.
A creditors’ meeting has been scheduled for Feb 28, and creditors will receive a notice of meeting shortly, Mr Tee said in a press release.
When a company undergoes liquidation, its business ceases to operate and its assets are seized and converted into cash. The proceeds will then be used to pay off the company’s debts and liabilities.
More at https://tinyurI.com/y5b9cj72
The winding up of Art Stage Singapore was announced on Tuesday (Feb 12) by the appointed provisional liquidator, Mr Tee Wey Lih from Acres Advisory. Mr Tee is now arranging to recover the company’s assets and records.
A creditors’ meeting has been scheduled for Feb 28, and creditors will receive a notice of meeting shortly, Mr Tee said in a press release.
When a company undergoes liquidation, its business ceases to operate and its assets are seized and converted into cash. The proceeds will then be used to pay off the company’s debts and liabilities.
More at https://tinyurI.com/y5b9cj72
