Singapore indie cinema The Projector owes over $1.2m to creditors
newsare.net
SINGAPORE — Ahead of a meeting with creditors set for Aug 29, the firm behind Singapore indie cinema The Projector has revealed that it owes them more than $1.2 million.In an e-mail sent out to creditors on Aug 19 and seen by The Straits Times, Pocket CinemSingapore indie cinema The Projector owes over $1.2m to creditors
SINGAPORE — Ahead of a meeting with creditors set for Aug 29, the firm behind Singapore indie cinema The Projector has revealed that it owes them more than $1.2 million.In an e-mail sent out to creditors on Aug 19 and seen by The Straits Times, Pocket Cinema listed 33 different creditors comprising individuals and organisations.The highest amount — $382,888.03 — is owed to Overseas Movie (Private), while others named in the list include the firm's director, Karen Tan, as well as other shareholders, including one of The Projector's founders, Blaise Camille Trigg-Smith.Tan, who is also one of The Projector's founders, is owed more than $120,000, while Trigg-Smith is owed slightly above $100,000.ST has contacted Tan for more information.Other creditors include those who held memberships with The Projector that have yet to expire. These comprise 2,295 people who are owed a total of more than $89,000.The majority of them, or 1,566, held memberships with The Projector Fan Club. Read more