The True Singapore Group, operating True Fitness and True Yoga, is facing significant financial strain and will be closing its operations. The company has reported losses and net liabilities totaling over HK$400 million (S$64 million). This decision indicates a challenging business environment for the fitness and yoga industry in Singapore. The closure impacts the availability of fitness and wellness options for residents in Singapore. Details regarding the specific closure timeline and impact on members are yet to be fully disclosed. The company cites overall financial pressures as the primary reason for the shutdown, signaling broader economic difficulties impacting businesses in Singapore. This marks a substantial shift in the Singapore fitness landscape.