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

According to the notice in the Government Gazette, the meeting will be held electronically on 13 January 2021 at 3.00pm pursuant to COVID-19 safety measures.

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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 [email protected].
  •  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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Legal

Singapore: Bunker Partner seeks proprietary injunction against FOMO Pay in USD 20 million account

Application is made on behalf of First Digital Trust Limited with DBS Bank Ltd Singapore, according to to court documents obtained by Manifold Times.

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Singapore High Court

A hearing between Bunker Partner DMCC (United Arab Emirates Registration No. DMCC193291) and FOMO Pay Pte Ltd (Singapore UEN No. 201543956D) took place at the High Court of the Republic of Singapore on Tuesday (4 February), learned Manifold Times.

Bunker Partner was applying for the court to grant them a proprietary injunction against FOMO Pay over the sum of USD 20 million (exact: USD 20,353,260.86) in its account, according to court documents obtained by the bunkering publication.

It is seeking to restrain FOMO Pay from disposing of, dissipating or otherwise dealing with the funds.

The application is made on behalf of First Digital Trust Limited with DBS Bank Ltd Singapore.

FOMO Pay is a major payment institution headquartered in Singapore and licensed by the Monetary Authority of Singapore to conduct Cross-border Money Transfer Service, Domestic Money Transfer Service, Digital Payment Token Service and Merchant Acquisition Service.

 

Photo credit: Manifold Times
Published: 11 February 2025

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Winding up

Singapore: Liquidator schedules final meeting for Vanda Marine Services

Final meeting of the company and creditors for Vanda Marine Services Pte Ltd, has been set to take place at 11am on 7 March at 8 Burn Road, Trivex #16-12, Singapore 369977.

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The final meeting of the company and creditors for Vanda Marine Services Pte Ltd, has been scheduled to take place on 7 March, according to the company’s liquidator on a notice posted on Friday (7 February) on the Government Gazette.

The meeting will be held at 8 Burn Road, Trivex #16-12, Singapore 369977 at 11am. It is being held for the purpose of having an account laid before the meeting showing the manner in which the winding-up has been conducted and the property of the company has been disposed of and hearing any explanation that may be given by the liquidator.

The details of the liquidator are as follows:

Seah Chee Wei
Liquidator
c/o 8 Burn Road
Trivex #16-12
Singapore 369977

Notes:

1) A member/creditor entitled to attend the above meeting may appoint a proxy to attend in his stead. A proxy need not be a member of the Company. The instrument appointing a proxy must be lodged with the liquidator in the following manner:

  • By email to the Liquidator’s office at [email protected]; and
  • By post to the Liquidator’s office at 8 Burn Road, Trivex #16-12, Singapore 369977 not later than 12.00 p.m. on 6 March 2025 or adjourned meeting at which it is to be used.

2) A corporation which is a member of the Company may, by resolution of its directors, authorise any person to act as its representative at any meeting of the Company, and such representative shall be entitled to exercise the same powers on behalf of the Corporation which he represents as if he had been an individual member of the Company.

 

Photo credit: Jo_Johnston from Pixabay
Published: 10 February, 2025

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Winding up

Singapore: Final meetings scheduled for Apoda Shipping and related companies

Singapore: Final meeting scheduled for Apoda Shipping and related companies

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The final meetings of members of Apoda Shipping Pte Ltd and related companies, has been scheduled to take place on 10 March, according to the company’s liquidators on a notice posted on Friday (7 February) on the Government Gazette.

The meetings will be held at 600 North Bridge Road, #05-01 Parkview Square, Singapore 188778 a the following times:

  • Apoda Shipping Pte Ltd (Company Registration No. 202037297W): 9am
  • Cekap Shipping Pte Ltd (Company Registration No. 201726677R): 9.30am 
  • Cergas Shipping Pte Ltd (Company Registration No. 201726683E): 10am
  • Plover Shipping Pte Ltd  (Company Registration No. 201726691R): 10.30am
  • Raggiana Shipping Pte Ltd (Company Registration No. 202037302D) 11am
  • Splendour Shipping (2017) Pte Ltd (Company Registration No. 201725911C) 11.30am

The meetings are being held for the purpose of having an account laid before the members showing the manner in which the winding up has been conducted and the property of the company disposed of and of hearing any explanation that may be given by the liquidators.

The details of the liquidators are as follows:

Victor Goh
Khor Boon Hong
Marie Lee
Joint Liquidators
C/o Baker Tilly
600 North Bridge Road
#05-01 Parkview Square
Singapore 188778

Note: Pursuant to Section 181 of the Companies Act 1967, a member entitled to attend and vote at this meeting is entitled to appoint another person or persons as his/her proxy to attend and vote in his/her stead. Proxies to be used at the meeting must be lodged at the Office of the liquidators not later than 48 hours before the meeting.

 

Photo credit: steve pb from Pixabay
Published: 10 February, 2025

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