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Singapore: Lugalis Shipping Pte Ltd to be wound up voluntarily

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  • by Admin
Liquidators have been appointed at an extraordinary general meeting held on 31 July for the purpose of winding up company’s affair, according to Government Gazette notice.
RESIZED Drew Beamer

Several resolutions for Lugalis Shipping Pte Ltd were made during an extraordinary meeting held on 31 July, according to a post in the Government Gazette on Thursday (6 August).

The duly passed resolutions were:

AS SPECIAL RESOLUTIONS

  1. That the Company be wound up voluntarily pursuant to Section 160(1) of the Insolvency, Restructuring and Dissolution Act 2018 (the “Act”).
  2. That Lau Chin Huat and Yeo Boon Keong, as the Joint and Several Liquidators, be and are hereby authorised to divide among the contributory in cash or in specie the whole or any part of the assets of the company.
  3. That the Joint and Several Liquidators be at the liberty to exercise all or any of the powers conferred on themselves pursuant to the Act.

AS ORDINARY RESOLUTIONS

  1. That Lau Chin Huat and Yeo Boon Keong, of 50 Havelock Road, #02-767, Singapore 160050 be appointed as the Joint and Several Liquidators for the purpose of winding up the company.
  2. That the remuneration and winding up disbursements of the Joint and Several Liquidators be fixed on a time basis at rates as agreed in the engagement letter.
  3. That the Joint and Several Liquidators be authorised to destroy all books and papers of the Company and of the Joint and Several Liquidators 5 years after the date of dissolution of the Company pursuant to Section 195(2) of the Act.

In another notice, the liquidators of Lugalis Shipping said creditors for the company are required on or before the 7 September 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 liquidators. 

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 liquidators can be contacted at the following address:

Lau Chin Huat
Yeo Boon Keong
Joint and Several Liquidators
c/o
Technic Inter-Asia Pte Ltd
50 Havelock Road, #02-767, Singapore 160050
Tel: 6561 0398 Fax: 6222 1855
Email: [email protected] 

 

Photo credit: Drew Beamer
Published: 7 August, 2026

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