29-05-2013, 12:00 AM
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Sam's RSS Feed Bot - I'm not Human. Don't talk to me.
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[Breaking News] Sinkapore Flyer pok gai liao!
An honorable member of the Coffee Shop Has Just Posted the Following:
Singapore Flyer put in receivership, but 'business as usual'
By Eveline Danubrata
Reuters
Tuesday, May 28, 2013
SINGAPORE - The Singapore Flyer, a giant observation wheel seen as a major tourist attraction in the city-state, has been put in receivership just five years after it was launched to much fanfare.
Ferrier Hodgson, which specialises in insolvency and corporate turnarounds, was appointed as receivers and managers over the charged assets of Singapore Flyer Pte Ltd, the company which owns the 165-metre-high wheel.
It said in a statement on Tuesday that "it is business as usual at Singapore Flyer" and it is working with business partners and tour operators to ensure smooth operations through the receivership.
Ferrier Hodgson also said it is confident it will be able to identify investors to manage and improve the Singapore Flyer."We will be calling for expressions of interest shortly to commence the process."
Singapore hopes to attract 14.8 million to 15.5 million visitors this year, up from last year's estimated 14.4 million, the Tourism Board said in March.
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