5 Mary Chia companies owe close to $153,000 in CPF arrears

Five companies linked to the financially-struggling beauty and wellness conglomerate Mary Chia Holdings collectively owe nearly $153,000 in overdue Central Provident Fund (CPF) payments, according to State Courts on October 8. These subsidiaries - Mary Chia Beauty & Slimming Specialist, Masego, Organica International Holdings, Spa Menu, and Urban Homme Face and Body Studio for Men - owe a total of over $182,600, but had already paid $29,742 to reduce their debt.

Mary Chia Beauty & Slimming Specialist, the largest debtor, owes $61,594 after paying $3,827, while Spa Menu owes $33,092 following a $4,472 payment. Organica owes $31,253 after paying $9,446 and Masego owes $14,828 after a $6,918 payment. Urban Homme Face and Body Studio for Men owes $12,165 after a $5,079 payment. A CPF Board official suggested the companies would only be eligible for a formal installment payment plan after making consistent payments for several months.

Mary Chia Holdings' CEO Ho Yow Ping is a director of all five entities. The company discovered the arrears after receiving feedback from employees about potential omissions related to variable-income components in September 2025. The disclosure led to a dispute with Evolve Capital Advisory over the disclosure of proceedings to investors.

The group also faces a dispute with Fullink Capital over a $350,000 loan to Organica, with Fullink seeking insolvency proceedings against Mary Chia Holdings and Organica. Mary Chia Holdings plans to raise $1 million by issuing new shares in a proposed share issue, with the funds intended to support overseas expansion. The company filed for financial statements with a disclaimer of opinion due to unverified areas such as staff costs and revenue.