All California Fitness gyms in Singapore will be closed with immediate effect.
In a media announcement shortly after midnight on Wednesday (Jul 20), Tim Reid and Theresa Ng of Ferrier Hodgson said they have been appointed as Provisional Liquidators of JV Fitness Pte Ltd, by the order of the High Court on Jul 19, 2016.
JV Fitness owns and operates the California Fitness centres located at Bugis, Raffles Place and Novena.
"JV Fitness does not have adequate liquid resources to continue its operations and therefore all outlets in Singapore will be closed from today until further notice.
"The Provisional Liquidators will quickly explore options that may be available to enable the business to operate but for time being, it is necessary to cease the operations of the fitness centres with immediate effect," the media release said.