News Formal

No plans for WeWork to withdraw from S’pore or hive off business despite global losses

  • 📰 straits_times
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 69%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

It is understood that the Singapore business remains profitable. Read more at straitstimes.com.

SINGAPORE – Troubled co-working giant WeWork intends to keep its 14 locations in Singapore open despite the severe financial pressure it is facing elsewhere.

The occupancy rate for the Asia-Pacific region was 83 per cent as at March 31, according to the company’s 2023 first-quarter results.The Straits Times reported in January 2020 thatand it is understood that the business remains in the black, despite overall losses of US$397 million for the company in the second quarter of 2023.

WeWork is also a tenant at two City Developments Limited properties – City House in Singapore and St Katharine Docks in London.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 5. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

WeWork stock plunges after company raises 'substantial doubt' about its futureThe co-working space provider warned investors that, facing losses and fleeing clients, 'substantial doubt exists about the Company’s ability to continue as a going concern,' according to its second quarter earnings report.
Källa: YahooSG - 🏆 3. / 71 Läs mer »