SINGAPORE, Oct 8 — Around 3,300 creditors have lodged claims against collapsed gym chains True Fitness and True Yoga, nearly a month after the fitness group abruptly shut all seven of its Singapore outlets overnight, leaving members and employees in the lurch.
The scale of the fallout emerged today as appointed liquidators RSM Singapore confirmed that both companies had entered creditors’ voluntary liquidation following extraordinary general meetings held yesterday, The Straits Times reported.
The September 10 shutdown had caught employees and members by surprise, with staff reportedly receiving an email just an hour before the closures took effect.
Many turned up at the gyms the following morning only to find locked doors and repossession notices at the entrances.
