My Community Limited owes government $330,000

My Community Limited, a company limited by guarantee, was registered on Jan 3, 2020 and subsequently registered as a charity on May 8 that year.

It is linked to My Community, a heritage organisation that was registered as a society on Aug 26, 2010 and was known for free guided tours.

The liquidator Poon told ST on July 24 that My Community Limited’s creditors have filed claims totalling about $800,000.

Poon added that the sum includes a claim of $281,850 from the company’s director, Kwek Li Yong, for loans personally extended to the company to support its operations.

Kwek was on Oct 4, 2025, arrested for suspected forgery, and investigations into the case are ongoing.

Poon said that the quantum of claims “is expected to evolve as additional creditors file their claims”.

“All claims remain subject to adjudication and there is currently no deadline imposed for creditors to submit their claims,” he added.

Those who attended the virtual creditors’ meeting on July 24 told ST that Kwek had cited a reduction in donations in recent years, as well as a lack of long-term funding from the Government for costs such as labour and rental, as reasons for the company’s financial circumstances.

Creditors were told that My Community Limited had about $1,700 in current assets, and said they were not optimistic of recovering the sums that they were owed.

One creditor who was not on the list of 11 that had been compiled as at July 3 was communications agency Socium.

A director at Socium told ST that My Community Limited had on Sept 30, 2024 signed a contract worth about $80,000 for the agency to provide public relations services for two months.

Payment for the services was to be made in three tranches over three months, with the first due on Oct 14, 2024. However, the director said that after signing the contract, My Community Limited requested variations to it, including changes to the payment terms.

Before receiving any payment from My Community Limited, Socium paid for services that were part of the contract, such as production fees for a promotional video that was shot from Oct 3 to Oct 9.

On Oct 23, 2024, Socium formally terminated its contract with My Community Limited, said the director. This was after My Community Limited’s Kwek responded to payment reminders by claiming credit for the work done by Socium and refusing to pay.

Subsequently, Socium sent a letter of demand to My Community Limited on Nov 1 to recover more than $20,000 for the services rendered in September and October.

The director said Socium’s lawyers last heard from My Community Limited on Jan 21, 2025, and that the company has continued to deny all claims in the letter of demand.

Another creditor, who declined to be named, said he hopes that the NAC will take the lead on behalf of all creditors to ensure that as much money is recovered from My Community Limited as possible.

“They have the resources to mount a challenge, and it is in their interest to ensure that something like that does not happen again to Singaporeans, other small and medium-sized enterprises, and the Government,” the creditor said.

Poon said the next steps in the liquidation include securing My Community Limited’s books and records, taking control of and realising any remaining assets, and conducting investigations into the company’s affairs.

“Any distribution to creditors, if any, will depend on the eventual realisation of assets and the adjudication of claims,” he said.