A once-popular Asian restaurant in the heart of Maroochydore’s entertainment strip has shut its doors for good after its parent company went bust owing about $1.4 million.
Liquidators were appointed on Friday to wind up Akane Pty Ltd, which had traded as Akane Teppanyaki and Whisky Bar, a large restaurant which had operated on Ocean St.
Jarvis Archer of Revive Financial was appointed as external administrator to conduct the liquidation of the company directed by Paul Lap Po Chan of Tewantin.
Mr Archer said Mr Chan had advised that the business had stopped trading on March 16 last year, after the introduction of COVID-19 restrictions and did not reopen.
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Read the full article at: https://www.sunshinecoastdaily.com.au/news/covid-cooks-popular-coast-teppanyaki-bar-company/4203325/