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Creditors’ meeting for Xihe Capital and related shipping firms to take place in November

12 Nov 2021

A creditors’ meeting for Xihe Capital (Pte.) Ltd. is scheduled to take place on Friday (19 November) by way of video conference via Zoom at 4:00 p.m., according to a Thursday (11 November) notice posted on the Government Gazette.

Further, creditors’ meetings for others will also take place for the following related companies: An Chiau Shipping Pte. Ltd., An Wei Shipping Pte. Ltd, Da Hui Shipping, Nan Guang Maritime (Pte) Ltd, Nan Jin Maritime (Pte.) Ltd. on the same day at different timings.

The agenda of the meetings are as follows:

  • Receiving a statement of the Company’s affairs together with a list of creditors and the estimated amounts of their claims;
  • Appointing liquidator(s)
  • Any other business.

 Creditors are reminded of their rights under sections 165(2)(d) and 165(5) of the Insolvency, Restructuring and Dissolution Act 2018 (No. 40 of 2018) to:

  • Request for information concerning the affairs of the Company (which the liquidator would have to furnish free of charge)
  • Appoint a person at the Creditors’ Meeting to be the liquidator for the purpose of winding up the affairs and distributing the assets of the Company in place of the liquidator appointed by the Company.

Attendance by video conference

The Meeting will be conducted electronically via the Zoom platform, pursuant to the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings (Corporate Insolvency) Order 2020. 

Creditors may only attend to the Creditors’ Meeting by way of video conference via Zoom by lodging a duly completed registration form(s) via email @ imbc@live.com, tannp99@hotmail.com, jasmineneo59@gmail.com and restructuring@oonbazul.com  no later than 4:00 pm on Wednesday (17 November).

Creditors may send any questions or other substantial and relevant matters that the creditors wish to raise at the Creditors’ Meeting by way of email to the above email addresses by 4pm, 17 November 2021.

 

Photo credit: Drew Beamer
Published: 12 November, 2021

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