Business
Zouk Singapore: Bought for About $40 Million, Sold for $14 Million
By Seedly  •  September 2, 2020
Everyone knows Zouk Singapore. Even if clubbing isn’t your thing, this iconic nightspot is constantly the world top 100 club, putting Singapore night scene on the map. Source: Straatosphere Most of us grow up remembering the good times we had at the old Jiak Kim establishment. Source: Venuerific Some of our memories were forged at the new location, Clark Quay. Here at Seedly, we only remember the $40 million valuations, when Zouk was sold to Genting Hong Kong back in the year 2015. Well, we do have some serious addiction with money and numbers. History and Milestones of Zouk
Year What Happened?
1991 Zouk opened in the year 1991, in three warehouses in Jiak Kim Street. The concept was started by Lincoln Cheng who was then, the executive chairman.
1995 Zouk was made to close for eight months after staff members, customers and senior managers were arrested for drugs in a major sweep. 32 were arrested.
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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