True Fitness, True Yoga to shutter as companies; parent company cites financial strain, losses

The True Singapore Group has recorded substantial losses and net liabilities exceeding HK$400 million (S$64 million).

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Published Sep 11, 2026, 10:00 AM

Updated Sep 11, 2026, 10:00 AM

SINGAPORE – True Fitness and True Yoga in Singapore are undergoing liquidation and set to close, with their parent company Kontafarma China Holdings declaring that they cannot continue business owing to liabilities.

The Accounting and Corporate Regulatory Authority’s BizFile records as at Sept 11 lists both True Fitness’ and True Yoga’s statuses as “in liquidation – creditors voluntary winding up”.

Kontafarma China Holdings said in a bourse listing that provisional liquidators have been appointed, with extraordinary general meetings and creditors’ meetings scheduled in October.

“The True Singapore Group’s fitness and yoga centres in Singapore are intended to be closed as part of the process, removing a loss-making yet materially significant business segment from the group’s operations,” it said.

The company said that the True Singapore Group has been under mounting financial strain, recording substantial losses and net liabilities exceeding HK$400 million (S$64 million), even as it continued to generate notable revenue.

“With the Group’s Singapore fitness business facing increasingly challenging conditions after the cessation of the Taiwan franchise operations, the liquidation underscores the company’s retreat from its regional fitness footprint and signals a restructuring that may reduce ongoing losses but also curtail future revenue and presence in the competitive fitness market,” it added.

This is a developing story.

True Singapore Group 录得巨额亏损，净负债超过 4 亿港元（6400 万新元）。

图片：谷歌地图截图

发布于2026年9月11日上午10:00

更新于2026年9月11日上午10:00

新加坡——新加坡的 True Fitness 和 True Yoga 正在进行清算，即将关闭。它们的母公司康泰法玛中国控股有限公司宣布，由于负债，它们无法继续经营。

截至 9 月 11 日，会计和企业监管局的 BizFile 记录显示，True Fitness 和 True Yoga 的状态均为“清算中 - 债权人自愿清算”。

康泰制药中国控股有限公司在交易所上市公告中表示，已委任临时清算人，并计划于10月召开特别股东大会和债权人会议。

“作为重组计划的一部分，True Singapore Group在新加坡的健身和瑜伽中心将被关闭，从而从集团的运营中剥离一个亏损但又具有重大意义的业务板块。”声明中写道。

该公司表示，尽管 True Singapore 集团持续创造可观的收入，但其财务压力却日益增大，录得巨额亏损和超过 4 亿港元（6400 万新元）的净负债。

“随着台湾特许经营业务的停止，集团在新加坡的健身业务面临日益严峻的挑战，此次清算凸显了该公司正在撤出其区域健身业务版图，并预示着一项重组计划，该计划可能会减少持续亏损，但也可能限制未来收入和在竞争激烈的健身市场中的份额，”声明补充道。

这是一个正在发展中的新闻。