KidZania Singapore owes S$53m to over 1,000 creditors

Some of them are frustrated over what is seen as a lack of clarity in the process towards recouping money

Published Wed, Oct 14, 2020 · 09:50 PM

Singapore

KHAZANAH-BACKED family attraction KidZania Singapore, now under liquidation, owes S$53.4 million to more than 1,000 parties including businesses and government agencies in Singapore, The Business Times (BT) has learnt.

About S$50 million of that sum is listed as claims by Themed Attractions Resorts & Hotels (TARH) - the leisure and tourism arm of Malaysian sovereign fund Khazanah Nasional - which owns an 80 per cent stake in Rakan Riang, the joint venture company behind KidZania Singapore.

Boustead Curve, a wholly-owned subsidiary of property developer Boustead Holdings, holds the remaining 20 per cent stake in Rakan Riang. The rest of the debts are owed to customers, businesses and gove…