Singapore Flyer in receivership
The Singapore Flyer is in receivership.
Accounting firm Ferrier Hodgson has been appointed as the receiver and manager of the company's charged assets.
Still it's business as usual at the giant wheel.
Ferrier Hodgson said it is looking into identifying investors to manage and enhance the Singapore Flyer, and will ensure smooth operations at the Flyer throughout the receivership.
The Flyer has been an icon of the Singapore skyline since 2008.
The Singapore Tourism Board said it reserves its rights as landlord and will be closely engaging the various parties involved to ensure the best possible outcome that enhances the tourism sector.
It adds that it looks forward to a smooth resolution with minimal disruption to visitors.
~~News courtesy of Channel Newsasia~~
The Singapore Flyer is in receivership.
Accounting firm Ferrier Hodgson has been appointed as the receiver and manager of the company's charged assets.
Still it's business as usual at the giant wheel.
Ferrier Hodgson said it is looking into identifying investors to manage and enhance the Singapore Flyer, and will ensure smooth operations at the Flyer throughout the receivership.
The Flyer has been an icon of the Singapore skyline since 2008.
The Singapore Tourism Board said it reserves its rights as landlord and will be closely engaging the various parties involved to ensure the best possible outcome that enhances the tourism sector.
It adds that it looks forward to a smooth resolution with minimal disruption to visitors.
~~News courtesy of Channel Newsasia~~
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