Sasa is closing all 22 stores in Singapore.
The sudden closure comes more than a year after it closed all its stores in Taiwan.
That move led to 260 employees being terminated in March 2018.
According to Channel 8 News, the closure of all 22 stores in Singapore will affect about 170 employees.
Sasa was founded in 1978 by Kwok Siu-Ming and had enjoyed booming popularity until recent years.
In the first half of 2015, they saw profits fall 55 per cent, which according to CNBC was due to a fall in China's spending power.
According to a Bloomberg article, months of unrest in Hong Kong has also taken a toll on Sasa.
Shares slid 24 per cent in August, and short bets against the retail chain are at their absolute highest.
Image from Giftout
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