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Court of Appeal for Bermuda orders winding up of NewOcean Energy Holdings Limited

02 Aug 2022

Hong Kong-listed NewOcean Energy Holdings Limited on Monday (1 August) said the Court of Appeal for Bermuda on 26 July ordered the company to wind up.

Several individuals were ordered to continue acting as the Joint Provisional Liquidators (JPLs) of the company, with the full powers of a liquidator in a winding-up pursuant to section 175 of the Companies Act 1981 of Bermuda. 

The details of the JPLs of the company are:

  1. Mr Roderick John Sutton and Mr Kenneth Fung, both of FTI Consulting (Hong Kong) Limited of Level 35, Oxford House, Taikoo Place, 979 King’s Road, Quarry Bay, Hong Kong 
  2. Mr Edward Alexander Niles Whittaker of R&H Services Limited of 3rd Floor, 5 Reid Street Hamilton, HM 11, Bermuda

Creditors of the company were invited to contact the JPLs by email at [email protected].

Trading in the shares of the Company on the Stock Exchange, which was suspended with effect from 9.00 am on 1 April 2022, will continue to be suspended until further notice.

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Photo credit: Sora Shimazaki
Published: 2 August, 2022

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