Singapore: Liquidator issues notice of dividend for Xihe Holdings

A notice of dividend for Xihe Holdings Pte Ltd, which is undergoing liquidation, was published on the Government Gazette on Thursday (29 August). 

Xihe Holdings Pte Ltd and its subsidiaries are owned by the Lim family, who are also the owners of the Singapore-based defunct oil trading company Hin Leong Trading.

The following are the details of the notice:

Name of Company : Xihe Holdings (Pte) Ltd (In Liquidation)

Unique Entity No. / Registration No.: 199002021M

Address of Registered Office : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960

Court : High Court of Singapore

Number of Matter : HC/CWU 40/2022

Amount per centum (in USD) : 1.50 cents to a dollar of admitted unsecured claims

First and Final or otherwise : Second Interim Dividend

When payable: 29 August 2024

Where payable: Entitlements will be made either by way of telegraphic transfer or by cheque, to be collected from the Company’s registered address as above.

Related: Creditors to file proof of debt for Singapore’s collapsed oil firm Hin Leong Trading
Related: Xihe Holdings supervisor to place seven tankers for sale in an attempt to repay creditors
Related: Xihe Holdings placed under IJM as OCBC reverses decision for ‘consensual restructuring’
Related: Xihe Capital and subsidiaries, Nan Guang Maritime to undergo voluntary liquidation
Related: Xihe replaces Directors, forms new management team to chart fresh course for Group

An extensive coverage by Singapore bunkering publication Manifold Times regarding the fall of Hin Leong can be found here. 

Photo credit: Drew Beamer
Published: 30 August, 2024