PHOTO: Waitan Restaurant, in Haymarket, opened in 2013 after a $10 million fitout. Photo: Marco Del Grande
Five years after the upmarket Waitan Restaurant opened as Chinatown’s answer to Justin Hemmes’ The Ivy party venue, the doors have closed and liquidators appointed to try to recoup debts of $1.3 million.
The collapse of the high-end restaurant group comes as its director Kai Meng, 49, takes an almost $500,000 loss on his Castle Cove home, selling it in an off-market deal for $5.5 million.
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