Singapore — Fatfish Entertainment, organizer of the recently cancelled MBC Korean Musicwave concert, announced Friday that it will wind up.
The event was to be the biggest K-pop concert ever held in Singapore prior to its cancellation on Wednesday.
It was to feature 13 K-pop acts, including SHINee, EXO, Miss A, Sistar and Kara.
On its official Facebook page, Fatfish Entertainment said, “With the advice of our lawyers and other professional advisers, we have come to the painful decision to wind up Fatfish Entertainment Pte Ltd in order to see to the orderly distribution of the company’s assets to our creditors including those who purchased tickets from us directly”.
“We apologise once again for disappointing the fans and are truly disheartened by these recent events.”
It said those who purchased tickets to the concert through ticketing agents will need to contact the agent directly for details on refunds, while refunds for those who purchased tickets directly from Fatfish Entertainment will be handled by liquidators appointed by the company.
Fatfish Entertainment also disputed media reports saying other concert promoters have expressed interest in resurrecting the event.
“We wish to clarify that we have not entered into talks with any company and/or have not obtained any proposal, firm or otherwise, in relation to the taking over of the concert,” said the company in another Facebook post.
Industry sources said it is highly unlikely another company could hold the November 16 concert due to a lack of time, according to reports.