Winding up

High Court of Singapore issues winding up order against Yuantai Fuel Trading Pte Ltd

Winding up application was filed by Singapore-based defunct oil trading company Hin Leong Trading Pte Ltd on 15 January.

Published

5 months ago

February 26, 2026

Admin

The High Court of Singapore issued a winding up order to Yuantai Fuel Trading Pte Ltd on 13 February, according to a Wednesday (25 February) notice on the Government Gazette.

The winding up application was filed by Singapore-based defunct oil trading company Hin Leong Trading Pte Ltd on 15 January.

The winding up order also included the following names and address of liquidators:

Mr Lai Seng Kwoon
Reliance 3P Advisory Pte. Ltd.
7500A Beach Road, #05-303/304, The Plaza
Singapore 199591

All creditors of the abovenamed company should file their proof of debt with the liquidator who will be administering all affairs of the company.

According to SGP Business website, Yuantai Fuel Trading’s principal activity is the wholesale of fuels and related products.

According to a report by The Business Times in November 2023, Yuentai Fuel Trading was mentioned during Hin Leong founder Lim Oon Kuin’s cross examination over his role in the company.

Prosecutors questioned if Lim had handled Hin Leong’s trades with two companies, Yuantai Fuel Trading and Daxin Marine, in 2018 and 2019 to which Lim replied that he was only involved in oil deals that were “going to certain places”.

Manifold Times previously reported the 50-day trial involving Lim, also known as OK Lim, and his two children approached its conclusion with the trio agreeing to pay USD 3.5 billion to the liquidators of Hin Leong Trading.

In November 2024, Lim, also known as OK Lim, was sentenced to 17 years and six months in jail on three charges of cheating and forgery at the State Courts of Singapore after a lengthy trial.

Photo credit: Manifold Times
Published: 26 February, 2026

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Winding up

Singapore: Coastal Logistics Pte Ltd to be wound up voluntarily

Coastal Logistics was reportedly affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd.

Published

12 hours ago

July 21, 2026

Admin

Several resolutions for Coastal Logistics Pte Ltd were made during an extraordinary general meeting held on 14 July, according to a notice in the Government Gazette on Friday (4 July).

The following resolutions were duly passed during the meeting:

As Special Resolution

That it has been proved to the satisfaction of the meeting that the Company cannot by reason of its liabilities continue its business and accordingly the Company be wound up voluntarily pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018 (No. 40 of 2018);

As Ordinary Resolutions

that Mr. Wong Pheng Cheong Martin and Ms. Koay May Yee, both care of FTI Consulting (Singapore) Pte Ltd, One Raffles Quay, #27-10 South Tower, Singapore 048583 be appointed as the joint and several Liquidators of the Company for the purpose of such winding up; and
that the Liquidators be at liberty to open, maintain and operate any bank account(s) or account(s) for monies received by them as Liquidators with such bank(s) as they deem fit; and
that a Committee of Inspection will not be formed.

Manifold Times previously reported Nicholas James Gronow, director of Heng Tong Fuels & Shipping and Coastal Logistics, filed statutory declarations for both companies stating the firms cannot continue their businesses due to liabilities.

Both companies were reportedly affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd.

In 2019, several vessels owned by both firms entered the sale & purchase (S&P) market in Singapore.

Photo credit: Drew Beamer
Published: 21 July, 2026

Winding up

Singapore: Liquidator of Nan Shan Maritime Pte Ltd issues notice of dividend

Third interim dividend to admitted unsecured claims of Nan Shan Maritime is payable from 15 July, according to Government Gazette notice.

Published

5 days ago

July 16, 2026

Admin

A notice of dividend for Nan Shan Maritime Pte Ltd, which is currently in creditors’ voluntary liquidation, was published on the Government Gazette on Wednesday (15 July).

The following are the details of the notice:

Name of Company : Nan Shan Maritime (Pte.) Ltd.(In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 201701967H
Address of Registered Office : 10 Anson Road, #10-10, International Plaza, Singapore 079903
Amount per centum : 5.00 Per Centum of all admitted unsecured, claims
First and Final or Otherwise : Third Interim
When Payable : 15 July 2026
Where Payable : Entitlements will be made by way of cheque.

Photo credit: Drew Beamer
Published: 16 July, 2026

Winding up

Singapore: Liquidator of Selco (Shipyard) Pte Limited issues notice of dividend

Fifth and final dividend to admitted creditors of Selco (Shipyard) is payable from 13 July, according to Government Gazette notice.

Published

1 week ago

July 13, 2026

Admin

A notice of dividend for Selco (Shipyard) Pte Limited, which is currently in compulsory liquidation, was published on the Government Gazette on Friday (10 July).

The following are the details of the notice:

Name of Company : Selco (Shipyard) Pte Limited (In Compulsory Liquidation) Co. Reg. No. 196800580K
Address of Registered Office : 7 Straits View, Marina One East Tower, Level 12, Singapore 018936
Court : High Court of the Republic of Singapore
Number of Matter : Companies Winding Up No.: 125 of 1986
Amount per centum : 0.499 cents to a dollar
First and final or otherwise : Fifth and final dividend
When payable : From 13th day of July 2026
Where payable : c/o PricewaterhouseCoopers Advisory Services Pte Ltd, 7 Straits View, Marina One East Tower, Level 12, Singapore 018936