Firm running National Gallery Singapore shop closes doors, seeks liquidation with alleged S$500,000 debts R

[micromachine]

SINGAPORE — By AndCo, the firm behind Gallery & Co, a cafeteria and shop selling Singapore-made goods at the National Gallery Singapore, has closed its doors and is seeking liquidation after the Covid-19 pandemic took a heavy toll on the tourism-dependent business.

Perun Consultants, the liquidator of By AndCo, told TODAY that it is collating the total amount owed to creditors, including small businesses and individuals who consigned the business goods. A preliminary estimate is that the shop owes about S$500,000.

Read more at https://www.todayonline.com/singapo...s-doors-seeks-liquidation-alleged-debts-about

 

[A Singaporean]

This is damn good news.

 

[Balls2U]

Owes 500K only got to cry father fry mother and get liquidator involved. I owe 3x that amount before and got out of it in about 15 months.

 

[sweetiepie]

KNN my uncle think he kpkb but his personal bank account also has 3x this amount KNN