Staff in Malaysia did not even know about True Group's closure in the country until one day before, while gym members in Thailand were only informed on the day of the closure itself.
According to the plaintiffs, Mr Wee knew that True Group was facing impending closure as early as February 2017. The company ceased operations on Jun 10, 2017. As for True Group , the plaintiffs said Mr Wee allowed membership fees to be collected from almost 39,000 members each month until end-May 2017, despite his knowledge of the impending closure.
Mr Wee's lawyers argued that his actions leading up to the closures were"commercial decisions made in the best interests of True Group and True Group given the circumstances", the judgment stated. He said Mr Wee knew that the True Group chains in Malaysia and Thailand would not be able to fulfil the long-term memberships they were still selling.
Source: Healthcare Press (healthcarepress.net)
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