Tour agency STA Travel, which has three retail outlets in different universities across Singapore, has ceased operations, after its parent company in Switzerland filed for insolvency last month.
Its closure will affect as many as 682 customers who are listed as creditors, according to a report by The Straits Times.
On behalf of STA Travel, audit firm Deloitte and Touche issued a notice last week that listed the potential creditors, with the biggest sum of S$84,088 (US$61,342) said to be owed to an individual.
The notice also lists organisations, including the National University of Singapore, Singapore Management University, Nanyang Technological University, and Republic Polytechnic. Other named creditors are the CPF Board, the Esplanade, the Singapore Scouts Association and Singtel.
According to the report, many university students who had booked flights with the travel agency, such as for exchange programmes, were affected. Some were given travel vouchers after their flights were cancelled amid the pandemic.
STA Travel offices in other countries such as Australia and New Zealand have also been placed in liquidation.