The Projector owes S$1.2 million to creditors; meeting set for Aug 29
Creditors include unused ticket holders, owed some S$14,300, and the Composers & Authors Society of Singapore, owed about S$17,733
[SINGAPORE] The company behind embattled cinema chain The Projector owes creditors S$1.2 million, including nearly S$90,000 to close to 2,300 of its members, The Business Times has learnt.
In an e-mail to creditors on Tuesday (Aug 19) night, the company, Pocket Cinema, said that a creditor meeting has been set for Aug 29 at 2.30 pm via video conference.
The developments come after The Projector abruptly announced its shuttering earlier on Tuesday.
According to the e-mail, the largest creditor is a company called Overseas Movie, which is owed about S$382,888. OCBC is owed S$200,000, while UOB is owed about S$106,818.
The Projector’s co-founders Karen Tan and Blaise Trigg-Smith are owed over S$100,000 each.
Other creditors include unused ticket holders, owed some S$14,300, and the Composers & Authors Society of Singapore, owed about S$17,733.
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