12 Jan '12, 3am

Controversial local tablet maker Fusion Garage bites the dust

Controversial local tablet maker Fusion Garage bites the dust

Fusion Garage chief executive Chandrasekar Rathakrishnan, in a 2010 photo, displaying the JooJoo, which was in the market for nearly eight months before being pulled. -- ST FILE PHOTO By Lim Yan Liang Controversial tech company Fusion Garage, once touted as an exciting local start-up, has bitten the dust. The company that beat Apple to the market with a tablet device back in 2010 published notices in newspapers here on Tuesday, stating that it would be closing down as it could not pay its creditors. A search with the Accounting and Corporate Regulatory Authority revealed that the business is in liquidation, under a creditors' voluntary winding-up. This means that accountants have been appointed and, in the likely scenario that they find the company insolvent, its assets will be sold to pay off its debts. Please enable JavaScript to view the comments powered by Disqus. blog...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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