GS Holdings Ltd. (Singapore) (SG:43A) has released an update.
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GS Holdings Ltd. has announced the creditors’ voluntary liquidation of its subsidiary, Wish Hospitality Holdings, due to its inability to pay debts after ceasing revenue-generating activities since 2021. This move comes as the subsidiary failed to secure new business following terminated service agreements. The subsidiary’s financial struggles highlight the challenges facing GS Holdings in their international operations.
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