E-commerce platform Qoo10 to be wound up; liquidators appointed

E-commerce platform Qoo10 to be wound up; liquidators appointed

SINGAPORE: Troubled e-commerce platform Qoo10 was ordered on Monday (Nov 11) by the Singapore High Court to be wound up, with liquidators also appointed for the company. The Singapore-based Qoo10 has been

Singapore High Court orders winding-up of embattled Qoo10; liquidators appointed

Six other creditors have notified the court that they intend to support the winding-up application.

Singapore court orders liquidation of Qoo10

Pictured above is Ku Young-bae, Chairman of Qoo10. [Photo courtesy of Qoo10] Qoo10, the Singapore-based parent company of Tmon and WeMakePrice, was ordered to be liquidated by a Singapore court after the two Korean firms caused a major settlement crisis. According to reports on Nov. 11, the Singapore High Court has ordered the liquidation of the financially troubled Qoo10, appointing AAG Corporate Advisory as the liquidator to manage the company…