Why did Genting Hong Kong sell Zouk Singapore?
Why did Genting Hong Kong sell Zouk Singapore?
Genting Hong Kong sold Zouk Singapore to Tulipa for S$14 million. Zouk Singapore will once again change hands, after being sold for S$14 million, as cash-strapped Genting Hong Kong looks for solutions to generate liquidity. This sale will give Genting Hong Kong a working capital of about S$1.2 million in cash to work on their financial struggles.
What is happening to ZoukOut?
ZoukOut will be taking a break as we recharge, and while we hate to disappoint our supporters, we want to reassure everyone that ZoukOut remains close to our hearts, and we’ll do everything we can to keep the festival, and the Zouk spirit, alive. This is not the end, we will see you again!
What is the net worth of zouk?
Zouk Singapore and Zouk Kuala Lumpur became the top 40 clubs in the world for the first time, on the reputable Top 100 Clubs list. Zouk founder, Lincoln Cheng sold Zouk Singapore to Genting Hong Kong. While the sum is undisclosed, audit firm Ernst & Young valued Zouk’s brand and its business to be at S$40 million in the year 2015.
How do I book at Zouk club?
Place your reservation at [email protected] or +65 9006 8793 (call/WhatsApp). New items added! Shop Zouk merchandise, alcohol bundles, food, and more. Takeaway and delivery options available.
