The High Court of Singapore has on Monday (21 September) published a public notice that Oversea-Chinese Banking Corporation Limited (OCBC) has on 24 August, applied for KS Energy Limited and sister company KS Drilling Pte Ltd to be placed under judicial management in the Government Gazette.
According to the notice, the hearing for the application has been scheduled for Tuesday (13 October), 2.30 pm at the Singapore High Court. It is as follows:
Messrs Andrew Grimmett and Lim Loo Khoon of Deloitte & Touche LLP have been nominated as the judicial managers; and any person who intends to oppose the making of an order under section 91(6)(b) or the nomination of a judicial manager under section 91(3)(d) may appear at the hearing or by his solicitor for that purpose; and a copy of the application and its supporting affidavit will be furnished to any creditor or member of the company requiring them by the undersigned upon request and on payment of the reasonable charge..
Any parties who intend to appear at the hearing of the application must serve on, or send by post to Hin OCBC’s solicitors, Shook Lin & Bok LLP of 1 Robinson Road #18-00, AIA Tower, Singapore 048542, notice in writing of his intention to do so.
The notice must state the name and address of the person, or if a firm, the name and address of the firm, and must be signed by the person or firm, or his or their solicitor. It must be sent in sufficient time to reach Shook Lin & Bok LLP not later than 3 working days before 12 o’clock noon of Thursday (12 October).
Kris Taenar Wiluan, CEO of Singapore-listed KS Energy, an energy services provider to the marine and petrochemical industries, in early August faced 112 charges in relation to false trading and market-rigging transactions to artificially drive up the share price of KS Energy.
Photo credit: Manifold Times
Published: 20 September, 2020
‘We are here to transfer the extremely valuable knowledge gained over the past six years to the maritime sector, such that our customers are comfortable in the use of such biofuels,’ states CEO Olivier Baiwir.
Newly appointed Anthony Mollet speaks to Manifold Times about his role, vision, value proposition and plans for the Marine Fuels Alliance to become a wide-reaching and engaging bunkering industry association.
SFP will be retrofitting VPT’s existing bunker vessel with its Full Electric Ready (FER) system and seeks to commission the vessel in the second quarter of 2022, CEO of SFP George Lee tells Manifold Times.
Equatorial Marine Fuel Management Services, Oldendorff Carriers, Lloyd’s Register and organisers took part in a Bunker Quality Claims Webinar moderated by Manifold Times on 10 November.
‘Though it did introduce temporary commercial and operational disruptions, we took a constructive view of the situation and chose to use this event as a learning opportunity,’ shares a Consort Bunkers spokesperson.
Gealubes Consulting & Trading, the authorised marine business distributor of PANOLIN EALs at Singapore port, shares a two-part education series on Environmentally Acceptable Lubricants on Manifold Times.
30 Nov 2021