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Singapore: WWL Shipowning Singapore Pte Ltd to be wound up voluntarily

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Creditors are required on or before 1 April 2024 to send in their names and addresses and particulars of their debts or claims to appointed liquidators, according to Government Gazette notices.
RESIZED Drew Beamer

Several notices were published to inform the passing of several resolutions for WWL Shipowning Singapore Pte Ltd on 28 February, according to a notice released on Friday (1 March) posted on the Government Gazette.

The resolutions set out below were duly passed:

Special Resolutions:

  • That the Company be wound up voluntarily pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018 (Act 40 of 2018).
  • That the Liquidator be and is hereby authorised to exercise any or all of the powers given to the Liquidator by Section 144(1)(b), (c), (d), (e), (f) and (g) of the Insolvency, Restructuring and Dissolution Act 2018 (Act 40 of 2018).
  • That in accordance with the provisions of the Company’s Constitutions, the Liquidator be and is hereby authorised to distribute in specie all or any part of the assets of the Company remaining after satisfaction of all debts and liabilities.

Ordinary Resolutions:

  • That Mr. Lai Seng Kwoon c/o 7500A Beach Road #05-303/304 The Plaza, Singapore 199591, be and is hereby appointed Liquidator of the Company, for the purpose of such winding up.
  • That the remuneration of the Liquidator be based on his normal scale rates for carrying out the assignment and that the Liquidator’s fees and disbursements be paid out of the assets of the Company.

In another notice, the liquidator said creditors are required on or before 1 April 2024 to send in their names and addresses and particulars of their debts or claims, and the names and addresses of their solicitors (if any) to the liquidator.

Liquidators may also require creditors to, “come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.”

The liquidator for the liquidation can be contacted at the following address:

Lai Seng Kwoon
Liquidator
c/o 7500A Beach Road #05-303/304
The Plaza, Singapore 199591

 

Photo credit: Drew Beamer
Published: 4 March, 2024

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