Coronavirus crisis deepens as more Chinese restaurants go under
The escalating coronavirus crisis has pushed two more Chinese restaurants in Sydney into liquidation.
Old Town Hong Kong’s restaurant in Chinatown was placed into liquidation on Friday, in addition to Super Dish Chinese Restaurant in Cabramatta which is also owned by the same directors.
Timothy Cook from Balance Insolvency has been appointed liquidator of both Old Town Pty Ltd and SuperDish Pty Ltd, with “the company is unable to pay its debts as and when they fall due”.
The China travel ban has been particularly hard on Chinese reliant businesses with some reporting revenue falls of 50 per cent or more.
There is no end in sight yet for the travel bans from China and Iran, with some calling for other countries to be put on the list including Italy.
Sheridan Randall, 4th March 2020
