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Hin Leong judicial managers to hold meeting of creditors to discuss fees incurred

05 Jan 2021

A notice was published in the Government Gazette on Monday (4 January) regarding a meeting of creditors by the Judicial Managers of Hin Leong Trading Pte Ltd. 

According to the notice, the creditors meeting will be held by electronic means on Wednesday, 13 January 2021 at 3.00pm pursuant to COVID-19 safety measures.

The agenda for the meeting is as follows: 

  • To update on the status of the judicial management;
  • To approve the fees incurred by the Interim Judicial Managers and their solicitors during the interim judicial management period details of which are set out in the 2nd Affidavit of Goh Thien Phong filed on 18 September 2020 in HC/OS 417/2020 exhibiting the Judicial Managers’ costs schedule, and to authorise the payment of such fees and reasonably incurred disbursements out of the assets of the Company, subject to the approval of the Court;
  • To approve the fees incurred and likely to be incurred by the Judicial Managers and their solicitors during the judicial management period up till the end of the current judicial management (i.e. 3 February 2021) details of which are set out in the 2nd Affidavit of Goh Thien Phong filed on 18 September 2020 in HC/OS 417/2020 exhibiting the Judicial Managers’ costs schedule, and to authorise the payment of such fees and reasonably incurred disbursements out of the assets of the Company, subject to the approval of the Court;
  • Any other business.

Additional details on the meeting are as follows:

  • The meeting will be conducted electronically via Webex and voting at the meeting will be conducted using Webex’s polling function. Further details of the alternative arrangements relating to attendance and voting at the meeting via electronic means (including the arrangements by which the meeting can be electronically accessed via live audio-visual webcast, e.g. meeting ID and password details as well as the link to access the live audio-visual webcast), will be sent by email to the email addresses specified in Form A subject to receipt and verification by the Judicial Managers of the proxy form and Form A.
  • Forms of general and special proxies and Form A have been dispatched. Proxy forms and Form A must be lodged with the Judicial Managers by no later than Tuesday, 12 January 2021, 5.00pm (SG time) by post to Hin Leong Trading (Pte) Ltd (Under Judicial Management) c/o PricewaterhouseCoopers Advisory Services Pte Ltd, 7 Straits View, Marina One, East Tower Level 12, Singapore 018936 or by email to project.highlander.sg@sg.pwc.com.
  •  Creditors may send any questions or other relevant matters that the creditors wish to raise at the meeting by way of email to the email address above by Friday, 8 January 2021, 5.00pm (SG time).
  • To be entitled to vote at the meeting, creditors must lodge a proof of debt with the Judicial Managers, if not previously lodged, by post or by email to above stated addresses by no later than Friday, 8 January 2021, 5:00pm (SG time).

Related: Hin Leong judicial managers and legal firms could rack up SGD 17.3 million in fees
Related: Bank of China takes legal action against BP Plc and Lim family to recover $312.9 million
Related: Hin Leong Trading founder denies allegations of forgery put forward by HSBC
Related: HSBC takes Lim family and Hin Leong employee to court to recover USD 85.3 million


Photo credit: Peter-Nguyen
Published: 5 January, 2021

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