SINGAPORE - Heritage company My Community Limited has entered provisional liquidation after its executive director declared it cannot continue its business due to liabilities, based on notices published in the Government Gazette on July 16.

The notices showed that the company’s executive director and founder Kwek Li Yong had on July 3 applied to have a meeting with creditors on July 24 to lay out a full statement of his firm’s assets and liabilities. 

A list of the creditors and the estimated amount of their claims will also be made available at the meeting, which is slated to take place virtually. 

Kwek could not be reached for comment.

He was arrested in September 2025 for suspected forgery offences after a police report was lodged. Further details on the nature of his alleged offences have not been released.  

A copy of My Community Limited’s business record seen on July 17 showed the company was in the process of voluntarily winding up. The records also show Kwek is one of two directors in the company, with the other listed as Choo Lip Sin.

Winding up a company refers to the process whereby the company aims to settle its debts and obligations, to distribute its remaining assets to partners, and to make required filings with the Accounting and Corporate Regulatory Authority.

Alton Murray Chun-Wen Poon of Perun Consultants (Singapore) has been appointed as the Provisional Liquidator of the company. 

In response to queries from The Straits Times, Poon said he was appointed on July 3, the same day Kwek made the declaration.

At the upcoming meeting, creditors will be presented with the company’s statement of affairs, consider the appointment of a liquidato...