Singapore: Notice of dividend issued for defunct bunker barge operator Millennium Oil

A notice was published in the Government Gazette on Friday (24 January), regarding the first and final dividend to creditors of defunct bunker barge operator Millennium Oil Pte Ltd.

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

Name of Company : Millennium Oil Pte Ltd (In Liquidation)
Unique Entity No./ Registration No.: 200821184Z
Address of Registered Office : 600 North Bridge Road, #23-01 Parkview Square, Singapore 188778
Court : High Court of the Republic of Singapore
Number of Matter : HC/CWU 160/2023
Amount Per Centum : (i) 100 percentum of all admitted preferential claims under Section 203(1)(i) of the Insolvency, Restructuring and Dissolution Act 2018 (ii) 2.3330 percentum of all admitted ordinary Claims
First and Final or Otherwise : First and final dividend
When payable : From 24 January 2025
Where payable : c/o BDO Advisory Pte. Ltd., 600 North Bridge Road, #23-01 Parkview Square, Singapore 188778

Toyota Tsusho Petroleum Pte Ltd, previously a licensed bunker supplier operating at the Port of Singapore, obtained a winding up order against Millennium Oil from the High Court of Singapore on 16 November 2023.

Toyota Tsusho Petroleum, which has ceased operations, dropped Millennium Oil as its main barge operator in early January 2022.

Related: Singapore: Liquidators issue notice of intended dividend for Millennium Oil
Related: High Court of Singapore issues winding up order to Millennium Oil
Related: Singapore: Bunker supplier Toyota Tsusho Petroleum applies to wind up former barge operator Millennium Oil
Related: Toyota Tsusho Petroleum removed from licensed bunker suppliers list in Port of Singapore
Related: Singapore: Toyota Tsusho Petroleum ceases operations, new firm established

Photo credit: Benjamin-child
Published: 27 January, 2025