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Singapore Flyer 'unlikely to be shipped overseas'

Published on Jun 19, 2013 8:00 AM
 
Both local and overseas parties have expressed interest in buying the Singapore Flyer, less than three weeks after the attraction at Marina Promenade was placed under receivership by its main lender. -- ST FILE PHOTO: NEO XIAOBIN

Both local and overseas parties have expressed interest in buying the Singapore Flyer, less than three weeks after the attraction at Marina Promenade was placed under receivership by its main lender.

Mr Tim Reid of the Flyer's appointed recovery firm Ferrier Hodgson declined to reveal the number of interested parties and said that it was too early for concrete offers at this stage.

It is "extremely unlikely" that the Flyer will be shipped to another country even if purchased by an overseas buyer, he told The Straits Times yesterday, adding that the attraction was a "fantastic asset to the country".

The receivers and managers of the Flyer had taken out advertisements in newspapers including The Straits Times and Wall Street Journal earlier this month inviting interested parties to submit written notice expressing their interest by 5pm on June 14.

 
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