Tamiya Stargek hobby store in Paya Lebar closes after nearly 20 years of operations

Tamiya Stargek hobby store in Paya Lebar closes after nearly 20 years of operations

Tamiya Stargek retailer in Paya Lebar shut on 10 April

The Tamiya-Stargek retailer in Paya Lebar, an iconic spot for enthusiasts, shuttered its business on Wednesday (10 April).

Supply: Google Maps

The announcement of the closure on social media stunned lovers, several of whom have fond reminiscences of the position.

Facts surrounding the closure are scarce, besides for the appointment of a few men and women from a consultancy as receivers and managers of the business enterprise.

Tamiya Stargek ceases functions

News of the shutdown first emerged by means of a closure detect on Tamiya-Stargek&#8217s Instagram and Fb web pages on Friday (12 April).

Source: Tamiya &#8211 Stargek on Fb

According to the recognize, Mr Victor Goh, Mr Khor Boon Hong and Ms Marie Lee of Baker Tilly Consultancy (Singapore) Pte Ltd ended up appointed Joint and Various Receivers and Managers of the organization &#8212 Stargek Pte Ltd &#8212 on Wednesday (10 April).

Baker Tilly&#8217s site states that a receivership normally happens when &#8220the faculty underneath which funding has been presented is in default or wherever a organization is getting placed in or is under risk of Liquidation&#8221.

Although the circumstances encompassing the closure are unclear, Baker Tilly stated in its observe that all enterprise functions at Tamiya-Stargek have ceased right up until even further see.

MS Information has reached out to Tamiya-Stargek and Baker Tilly for responses.

Closure right after almost 20 decades shocks fans

A Fb write-up by Tamiya-Stargek on 6 Aug 2019 indicated that the store turned 15 back again then.

This implies that it had been in enterprise for pretty much 20 a long time ahead of its closure this year.

Acquiring attained several faithful buyers as a result of the years, it&#8217s no shock that the retail store&#8217s social media posts elicited a large amount of sympathy and disappointment.

A testomony to the store&#8217s nostalgic worth, numerous enthusiasts and customers remaining heartfelt feedback on the posts.

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Showcased picture tailored from Google Maps.

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