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Winding up

Hengli Petrochemical’s ex-Singapore trading arm faces winding up application

In April, China’s Hengli Group reportedly reorganised the shareholding structure of its Singapore-based trading arm shortly after the United States imposed sanctions on its refinery unit.
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Singapore High Court

An application for the winding up of Hengli Petrochemical International Pte Ltd, the former Singapore trading arm of Hengli Petrochemical (Dalian) Refinery, is scheduled to be heard at 10am on 4 September, according to a Monday (24 August) notice on the Government Gazette.

The application was filed by Dalian Hengli New Energy Sales Co Ltd, a creditor of the company, on 14 August and will be heard at the High Court of Singapore.

In May, it was reported that Hengli Petrochemical International dismissed some employees, with some workers being laid off while others were offered positions in other entities. 

In April, China’s Hengli Group reportedly reorganised the shareholding structure of its Singapore-based trading arm shortly after the United States imposed sanctions on its refinery unit.

On 24 April, US Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned China-based independent teapot refinery Hengli Petrochemical (Dalian) Refinery Co Ltd, a unit of Hengli Petrochemical, saying it purchased billions of dollars’ worth of Iranian oil.

The company shifted most of the ownership of Hengli Petrochemical International to Dalian Changxing International Trade, a firm backed by a local Chinese government entity.

The Singapore unit was last reported to be 95% owned by this new shareholder, while Hengli Petrochemical’s Dalian refinery retains a 5% stake. Previously, the refinery had full ownership of the Singapore entity.

It was reported that Hengli Petrochemical denied it has engaged in any trade with Iran. 

The notice stated that any creditor or contributory of the company desiring to support or oppose the making of an order on the winding up application may appear at the time of hearing by himself or his counsel for that purpose.

A copy of the winding up application will be furnished to any creditor or contributory of the company requiring the copy of the winding up application by the undersigned on payment of the regulated charge for the same.

The Applicant’s address is No. 551, Pincui Road, Changxing Island Economic Zone, Dalian Liaoning Province, China.

The Applicant’s solicitors are M/S ASIALEGAL LLC of 1 Coleman Street, #07-02A, The Adelphi, Singapore 179803.

Related: Hengli’s former Singapore trading arm begins staff layoffs ahead of potential May shutdown
Related: Hengli shifts ownership of Singapore trading arm in wake of US sanctions
Related: US sanctions China’s second-largest teapot refinery for purchasing Iranian oil

 

Photo credit: Manifold Times
Published: 26 August, 2026

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Winding up

Singapore: Notices of intended dividend issued for Ocean Bunkering Services, Hin Leong Marine

Liquidators have issued notices to intended dividends of OBS, the marine fuels business arm of troubled Hin Leong Trading, and Hin Leong Marine International to their creditors on Government Gazette.
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August 24, 2026

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RESIZED Ocean Bunkering Services

A notice of intended dividend for Ocean Bunkering Services Pte Ltd (OBS), the marine fuels business arm of troubled Hin Leong Trading, and Hin Leong Marine International Pte Ltd was published on the Government Gazette on Friday (21 August). 

The following are the details of the notice of Ocean Bunkering Services:

Name of Company : Ocean Bunkering Services (Pte) Ltd (In Creditors’ Voluntary Liquidation)
Unique Entity No. /Registration No.: 197800010N
Address of Registered Office : 600 North Bridge Road, #23-01 Parkview Square, Singapore 188778
Last Day for Receiving Proofs : 4 September 2026
Names of Liquidators : Leow Quek Shiong, Gary Loh Weng Fatt
Address of Liquidators : c/o BDO Advisory Pte Ltd, 600 North Bridge Road, #23-01 Parkview Square, Singapore 188778.

Details of the notice of intended dividend for Hin Leong Marine International are as follows:

Name of Company : Hin Leong Marine International (Pte.) Ltd. (In Liquidation)
Unique Entity No. /Registration No.: 197501519K
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 202/2020
Last Day for Receiving Proofs : 4 September 2026
Names of Liquidators : Leow Quek Shiong, Gary Loh Weng Fatt
Address of Liquidators : c/o BDO Advisory Pte Ltd, 600 North Bridge Road, #23-01 Parkview Square, Singapore 188778

In 2020, Manifold Times reported the Maritime and Port Authority of Singapore (MPA) announcing the suspension of OBS’ bunkering licences. 

“Given that OBS has stopped its bunkering operations since April this year and has not been able to fulfil its licensing commitment to date, MPA has suspended their bunkering licences until further notice,” MPA was quoted as saying at the time. 

Later that year, the company’s directors declared “the company cannot by reason of its liabilities continue its business. 

Related: Singapore: Annual meeting of members and creditors set for Ocean Bunkering Services
Related: MPA: Ocean Bunkering Services licenses suspended ‘until further notice’ and not revoked, it clarifies
Related: PwC publishes ‘investment opportunity’ for Singapore independent bunker fuel supplier
Related: Singapore: Ocean Bunkering Services bunker claims against ASL Marine & Offshore heads to arbitration
Related: Singapore: Ocean Bunkering Services license suspended until further notice
Related: Singapore: Ocean Bunkering Services to discontinue marine fuel deliveries
Related: Lim family aims to wind up Hin Leong Trading subsidiary, Hin Leong Marine

 

Photo credit: steve pb from Pixabay
Published: 24 August, 2026

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Singapore: Annual general meetings scheduled for Xihe Holdings subsidiaries

Annual general meetings will be held from 1 to 2 September for An Hui Shipping, Nan Chiau Maritime and Nan Yi Maritime to receive updates on firms’ liquidation, according to notices.
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August 17, 2026

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Several notices were published on the Government Gazette on Friday (14 August) regarding the annual general meetings to be held from 1 to 2 September for Xihe Holdings subsidiaries An Hui Shipping Pte Ltd, Nan Chiau Maritime and Nan Yi Maritime Pte Ltd. 

Annual general meetings for An Hui Shipping are to be held on 1 September at the following times:

  • For the company and creditors: 3pm

Annual general meeting for Nan Chiau Maritime is to be held on 1 September at the following time:

  • For the company and creditors: 2pm

Annual general meeting for Nan Yi Maritime is to be held on 2 September at the following time:

  • For the company and creditors: 2pm

The agenda for all the meetings are:

  • To receive an update on the liquidation.
  • To receive an account of the Liquidators’ acts and dealings, and of the conduct of the winding up.

The following are the details of the liquidator:

Ho May Kee
Liquidator
c/o 8 Marina View
#40-04/05 Asia Square Tower 1
Singapore 018960

 

Photo credit: Benjamin Child
Published: 17 August, 2026

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Winding up

Singapore: Liquidators of East Marine Pte Ltd issues notice of annual meeting

Annual meeting of the company and its creditors will be held at 8 Wilkie Road, #03-08 Wilkie Edge, Singapore 228095 via audio-visual conference on 20 August at 11am.

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2 weeks ago

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August 12, 2026

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steve pb from Pixabay

A notice of annual meeting was issued by liquidators of East Marine Pte Ltd, which is in creditor’s voluntary liquidation, on the Government Gazette on Friday (7 August). 

According to the notice, the annual meeting of the company and its creditors will be held at 8 Wilkie Road, #03-08 Wilkie Edge, Singapore 228095 via audio-visual conference on 20 August at 11am.  

The purpose of the meeting is to have an account laid before the meeting showing the acts and dealings of the liquidators and the conduct of the winding up in the preceding year.

The following are the details of the liquidators:

Ng Kian Kiat
Yap Hui Li
Liquidators
c/o 8 Wilkie Road
#03-08 Wilkie Edge
Singapore 228095

 

Photo credit: steve pb from Pixabay
Published: 12 August, 2026

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