The news comes just days after the broadband and telecommunications service provider expressed confidence in closing its second round of funding, which was expected to have taken place over the weekend.
When contacted today, Qala COO Frank Christiaens could not comment on the status of the funding, which is intended for the company's Singapore operations. Sources had earlier told Singapore.CNET.com that Qala or one of its subsidiaries could be shuttered if funds were not raised in time.
However, Christiaens confirmed that the company's Australian subsidiary was placed under voluntary administration on August 28, and that its Hong Kong unit is currently under liquidation.
He declined to reveal further details, but noted that accounting firms Ernst&Young and Ferrier Hodgson were handling the administration of the Australian and Hong Kong operations, respectively.
The one-year-old company, which made its commercial debut in March, employs a total of 120 staff in Singapore, Hong Kong and Australia. It claims to have approximately 400 small office home office (SOHO) and business customers in Singapore.
According to Ernst&Young administrator Keiran Hutchison, Qala Australia was offered for sale on the Australian Financial Review on August 31. He could not reveal if there have been offers for the unit, but said the firm has approached both Australian and foreign buyers.
If no interest is expressed, Ernst&Young will determine a course of action in its meeting with Qala's creditors on September 24, Hutchison said in a telephone interview. The creditors, he added, are made up of "a relatively small group...comprising of IT companies including consultancies, service providers and equipment manufacturers."
Meanwhile, Qala Hong Kong was placed under liquidation on September 4 and is expected to meet with its creditors on September 21, said Ferrier Hodgson's Vincent Fok when contacted. He could not comment further.
