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07 Jul 2025
Aspen Confirms Liquidator Appointment for Kanada-Ya Subsidiaries Following Creditors’ Meetings
Summary:
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Aspen (Group) Holdings announced an update on the voluntary liquidation of its wholly-owned subsidiary Kanada-Ya SG Pte. Ltd. (KYSG) and KYSG’s subsidiary, Kanada-Ya Restaurants Pte. Ltd.
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Shareholders’ and creditors’ meetings were held on 7 July 2025, where resolutions were passed to confirm the appointment of the provisional liquidator as liquidator.
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Mr. Neo Ban Chuan, Licensed Insolvency Practitioner from BC Neo Business Advisory Pte. Ltd., has been formally appointed as Liquidator of both subsidiaries.
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Aspen will continue to provide updates on material developments related to the liquidation process.