For subscribers
Liquidators get nod to wind up unit of Park Hotel Management
They will probe fund transfers tied to parent firm's shareholder
Sign up now: Get ST's newsletters delivered to your inbox
Follow topic:
The High Court ruled yesterday that the liquidators of Park Hotel Management (PHM) can wind up its wholly owned subsidiary Park Hotel CQ over $6.3 million in debt.
The debt includes $5.92 million owed by former tenant Park Hotel CQ to Ascendas Hospitality Reit, the landlord of the former Park Hotel Clarke Quay.
