'Business as usual' for WeWork in Singapore; customers will not be impacted by US bankruptcy filing

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SINGAPORE — WeWork's operations in Singapore will not be impacted by the company's bankruptcy filing in the United States, said a local spokesman for the company on Tuesday (Nov 7).

Members of WeWork's coworking spaces in Singapore will still be able to access its 14 offices across Singapore

"Singapore continues to be a priority market for us... does not impact WeWork's operations outside the US," said the spokesman. The company reported estimated assets and liabilities ranging from US$10 billion to US$50 billion, according to a bankruptcy filing. WeWork — once the most valuable US startup worth US$47 billion — first opened its doors in Singapore in 2017.

Source: News Formal (newsformal.com)

 

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