POSTED: 28 May 2013 7:04 PM
SINGAPORE: The Singapore Flyer is in receivership.
Accounting firm Ferrier Hodgson has been appointed as the
receiver and manager of the company's charged assets.
Still it's business as usual at the giant wheel.
Ferrier Hodgson said it is looking into identifying investors to
manage and enhance the Singapore Flyer, and will ensure smooth
operations at the Flyer throughout the receivership.
The Flyer has been an icon of the Singapore skyline since
2008.
The Singapore Tourism Board said it reserves its rights as
landlord and will be closely engaging the various parties involved
to ensure the best possible outcome that enhances the tourism
sector.
It adds that it looks forward to a smooth resolution with
minimal disruption to visitors.
- CNA/de