{
  "id": 6725780,
  "title": "True Fitness & True Yoga to close in S’pore",
  "url": "https://urgent.news/2026/09/11/true-fitness-true-yoga-to-close-in-spore",
  "topic": "world",
  "section": "World",
  "published": "2026-09-11T08:12:36.000Z",
  "source": {
    "name": "Mothership",
    "slug": "mothership",
    "url": "https://mothership.sg/2026/09/true-fitness-true-yoga-close/"
  },
  "original_language": "en",
  "account": "True Fitness and True Yoga, two popular fitness and yoga brands in Singapore, are set to close their operations due to provisional liquidation. The news was announced by the businesses on September 10, 2026, with all clubs ceasing operations immediately. The liquidation process was initiated by the businesses' Hong Kong-based parent company, Kontafarma China Holdings, citing difficulties in attracting customers, high operating costs, and stringent cash flow as the primary reasons for their decision.\n\nMembers of both True Fitness and True Yoga felt the impact of the closure, with some experiencing financial losses. One dedicated member, who had been a loyal patron for over 20 years, had prepaid more than S$2,000 for a two-year package and had already used half of it. Upon learning about the liquidation on September 10, she received a notification via the gym's app.\n\nThe parent company revealed that despite generating significant revenue, True Singapore Group, the umbrella organization for True Fitness and True Yoga, had recorded substantial losses and liabilities exceeding S$64 million. This financial strain was exacerbated by the growth of boutique gyms, condominiums offering gym facilities, and the increasing popularity of digital alternatives, including online training and virtual coaching.\n\nIn response to the closure, extraordinary general meetings will be held on October 7 to propose a voluntary winding-up process. Subsequent meetings with creditors will take place to finalize the winding-up process. As of September 11, Google Maps indicates that the Novena branch of True Fitness is temporarily closed.",
  "summary": "A notice stated that this was effective as of Sep. 10, 2026.",
  "key_points": [
    "True Fitness & True Yoga to close operations in Singapore",
    "Hong Kong-based Kontafarma China Holdings initiates liquidation",
    "Financial losses & liabilities exceed S$64 million"
  ],
  "editors_take": "The closure of True Fitness and True Yoga in Singapore marks a significant shift in the local fitness landscape, as the brands struggle to compete with boutique gyms, condominium facilities, and digital alternatives.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "True Fitness members caught off-guard by abrupt closure, some seek refunds",
        "url": "https://urgent.news/2026/09/11/true-fitness-members-caught-off-guard-by-abrupt-closure-some-seek",
        "published": "2026-09-11T05:53:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}