SINGAPORE – The liquidators for True Yoga and True Fitness have received around 3,300 claims, following the decision to place the fitness chains into creditors’ voluntary liquidation.
The move comes after special resolutions were passed at extraordinary general meetings for both companies on Oct 7, according to a media statement by appointed liquidators RSM Singapore on Oct 8.
During meetings held on Oct 7, creditors confirmed the appointment of the liquidators and voted to establish a Committee of Inspection (COI) comprising up to five members to represent stakeholder interests.
The liquidators will now focus on the orderly administration of the companies’ affairs and the recovery of assets. They will also consult with the COI and other key stakeholders throughout the winding-up process.
Creditors, including affected members, vendors and employees, can continue to submit or revise their claims through the RSM creditors’ claims portal. They can also contact the liquidators’ office via the emails below:
