A private primary school that offers an international curriculum in Hong Kong has abruptly announced its closure at the end of July, leaving some parents anxious about whether they can get back their debenture worth around HK$200,000 (US$25,500) as promised.
A check by the Post on Saturday found that the website of Think International School, founded in 2003, was no longer online.
In an email to parents earlier this week seen by the Post, the private school on Boundary Street in Kowloon Tong said it would close down on July 31.
It also conceded that it would not be able to pay back parents who were holding debentures in the near future.
“Since closing a school will involve a lot of unexpected expenses, we are not sure about the financial commitments involved in the coming months,” the email said.
A parent who paid a HK$200,000 debenture, due to mature next Monday, was offered a cheque for HK$204,000 that would be available for collection on the day but could only be cashed on January 8 next year.
