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The Projector owes S$1.2 million to creditors; meeting set for Aug 29

The Projector owes S$1.2 million to creditors; meeting set for Aug 29

By Kim Browne

Culture

Creditors include unused ticket holders, owed some S$14,300, and the Composers & Authors Society of Singapore, owed about S$17,733

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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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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The Projector owes S$1.2 million to creditors; meeting set for Aug 29 | Grazia British