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S’pore-registered companies forced to wind up hit 15-year high in 2024: MinLaw data
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Qoo10 is one of the latest casualties, as it buckled under a US$54 million (S$72.4 million) debt pile.
PHOTO: ST FILE
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SINGAPORE – The number of Singapore-registered companies forced to wind up hit a record high in 2024.
There were 307 compulsory liquidations over the 12 months, a jump of 53 per cent from the 201 cases in 2023 and ahead of the pre-Covid-19 peak of 287 in 2019.
