STA Travel, which ceased operations in September, owes customers and former staff $1m

Tour agency STA Travel owes its creditors nearly $1.43 million.
Tour agency STA Travel owes its creditors nearly $1.43 million.ST PHOTO: KELVIN CHNG

SINGAPORE - Tour agency STA Travel, which is being wound up after it stopped operations last month, owes its creditors - mainly customers and former employees - nearly $1.43 million, according to a financial statement that was prepared by the firm's directors and seen by The Straits Times.

The statement of the company's assets and liabilities - as of Sept 10 - was shown to the creditors at their meeting with provisional liquidator Deloitte and Touche on Friday (Oct 2).

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