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Hong Kong fuel oil trader Yuhua Energy assets frozen in loan dispute

RMB 30.35 million freezing order initiated by Hua Xia Bank Co., Limited against subsidiaries for assets.
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Published

7 years ago

on

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Hong Kong-listed fuel oil trading firm Yuhua Energy Holdings Limited (YEHL) on Friday (11 October) said the Xiamen Branch of Hua Xia Bank Co., Limited has initiated litigation against its subsidiaries.

The affected parties are YuHua Energy (Xiamen) Co. Ltd., YuHua Energy Holdings Group (Fujian) Co., Ltd., Xiamen Oceanstar Shipping Co., Ltd., Fujian Yuhua Petrochemical Company Limited, Mr. Lin Caihuo and his wife, Ms. Lin Aihua.

A freezing order has been ordered by the Intermediate People’s Court of Xiamen City, Fujian Province on 12 September 2019 against the above parties for assets equivalent to the amount of RMB 30,350,000 (USD 4,290,722).

Additionally, the real property in Xiamen mortgaged by Lin Caihuo, Lin Aihua and Xiamen Oceanstar Shipping Co., Ltd. are to be seized, auctioned or realised.

“The Company is now liaising with the Plaintiff to discuss the appropriate arrangement,” said YEHL.

“The Company will publish announcement(s) to update its shareholders of any major progress to the above matter, as and when appropriate. The Directors are of the view that the orders will not have material impact on the business and operation of the Company.

“In the meantime, the Company is assessing the status of other indebtedness of the Group.”

On 23 August 2019, YEHL entered into a product procurement framework agreement with a company in the People’s Republic of China engaged in petrochemical business who will purchase not less than 2 million mt of fuel oil products and petrochemical products during the period between 23 August 2019 and 31 December 2022.

YEHL recorded net loss of approximately HKD 306.60 million in the first half of 2019, higher than net loss of approximately HKD 1.27 million during the similar period last year.

Published: 15 October, 2019
 

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Winding up

Singapore: Final meeting scheduled for Tiger LNG Shipping Pte Ltd

Meeting will be held on 29 June at 190 Middle Road #17-05 Fortune Centre Singapore 188979 to hear any explanation that may be given by the liquidator, according to Government Gazette notice.
Admin

Published

2 days ago

on

June 2, 2026

By

RESIZED Jo_Johnston from Pixabay

The final meeting for Tiger LNG Shipping Pte Ltd has been scheduled to take place on 29 June, according to the company’s liquidators on a notice posted on Friday (29 May) on the Government Gazette.

The meetings will be held at 10.30am at 190 Middle Road #17-05 Fortune Centre Singapore 188979. 

The meeting is being held for the purpose of having an account laid before the meeting showing the manner in which the winding up has been conducted and the property of the company disposed of, and of hearing any explanation that may be given by the liquidator.

The following are the details of the liquidator:

LUM CHI LUP BENNY
c/o 190 Middle Road
#17-05 Fortune Centre
Singapore 188979

 

Photo credit: Jo_Johnston from Pixabay
Published: 2 June, 2026

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Winding up

Singapore: Annual general meetings scheduled for Xin Guang Shipping and An Xing Shipping

Annual general meeting of the company and creditors for An Xing Shipping and Xin Guang Shipping will be held by electronic means on 11 June and 12 June respectively.

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Published

1 week ago

on

May 28, 2026

By

Resized benjamin child

Several notices were published on the Government Gazette on Tuesday (26 May) regarding the annual general meetings of the companies and creditors to be held electronically from 5 to 6 May for Xin Guang Shipping Pte Ltd and An Xing Shipping Pte Ltd. 

Annual general meeting for Xin Guang Shipping are to be held on 12 June at the following times:

  • Annual general meeting of the Company at 2pm
  • Annual general meeting of the creditors of the Company at 3pm

Annual general meeting for An Xing Shipping are to be held on 11 June at the following times:

  • Annual general meeting of the Company at 2pm
  • Annual general meeting of the creditors of the Company at 3pm

The agenda for all the meetings are:

  • To receive an update on the liquidation.
  • To receive an account of the Liquidators’ acts and dealings, and of the conduct of the winding up.

The following are the details of the liquidator: 

Ho May Kee
Liquidator
c/o 8 Marina View
#40-04/05 Asia Square Tower 1
Singapore 018960

 

Photo credit: Benjamin Child
Published: 28 May, 2026

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Winding up

Singapore: Notice of intended dividend issued for Xihe Capital Pte Ltd

Xihe Capital Pte Ltd and its subsidiaries are owned by the Lim family, who are also the owners of the embattled Hin Leong Trading.
Admin

Published

1 week ago

on

May 25, 2026

By

RESIZED Drew Beamer

A notice to declare the intended dividend of Xihe Capital Pte Ltd to its creditors has been posted on the Government Gazette on Wednesday (15 April).

Xihe Capital Pte Ltd and its subsidiaries are owned by the Lim family, who are also the owners of the embattled Hin Leong Trading.

The following are the details of the notice of intended dividend:

Name of Company : XIHE CAPITAL (PTE.) LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION)

Unique Entity No. / Registration No. : 201727410K

Address of Registered Office : 10 ANSON ROAD, #10-10, INTERNATIONAL PLAZA SINGAPORE 079903

Last Day for Receiving Proofs : 5 June 2026

Name of Liquidator : TAM CHEE CHONG

Address : c/o 10 ANSON ROAD, #10-10, INTERNATIONAL PLAZA SINGAPORE 079903

 

Photo credit: Drew Beamer
Published: 25 May, 2026

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