SINGAPORE - The Singapore Flyer may be getting a touch of British magic to keep it turning.
Merlin Entertainments Group, the British firm behind the iconic London Eye, a 135m-tall Ferris wheel on the bank of the River Thames, has said that it is considering buying the financially troubled Singapore attraction.
The firm wants to expand further into Asia, and the Flyer is a "very attractive product with a great view of the Singapore skyline", its strategy director David Bridgford told local media on Wednesday.
If a deal is signed, the group may set up a Madame Tussauds wax museum to boost the Flyer's popularity, he said. Merlin owns and operates 14 such wax museums around the world, including in Shanghai, Hong Kong and Tokyo.
The 165m-tall Flyer, which is the world's tallest observation wheel, has been put up for sale, with ads appearing in newspapers such as The Wall Street Journal in the United States.
This was after Singapore Flyer Pte Ltd, the company behind the five-year-old attraction, was placed under receivership in May.
Corporate recovery firm Ferrier Hodgson, which has been appointed the receiver by the company's creditors to settle its outstanding loans, said it has received an "overwhelming response from parties both local and overseas" for the Flyer.