SINGAPORE – The operator of the now-shuttered Sentosa beach club Tipsy Unicorn has been wound up by the High Court, with liquidators moving in to assess debts owed to creditors.

On Jan 23, Justice Chionh Sze Chyi ordered privately held operator Tipsy Bird into compulsory liquidation after a winding-up application was filed by UOB. Two insolvency practitioners from BDO Advisory were subsequently appointed as joint and several liquidators.