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Hua Sheng Shipping, Nan Zhou Maritime, Xin Sheng Shipping to be wound up voluntarily

13 Dec 2021

A meeting to pass resolutions for companies Hua Sheng Shipping, Nan Zhou Maritime, and Xin Sheng Shipping have been made by written means on Tuesday (30 November), according to a Friday (10 December) notice posted on the Government Gazette.

The duly passed resolutions were:

SPECIAL RESOLUTION – WINDING-UP
That the company be wound up pursuant to section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act (Act 40 of 2018).

ORDINARY RESOLUTION – APPOINTMENT OF LIQUIDATORS
That Paresh Tribhovan Jotangia and Ho May Kee of Grant Thornton Singapore Private Limited c/o 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960 be appointed as joint and several liquidators of the company for the purpose of winding-up.

ORDINARY RESOLUTION – JUDICIAL MANAGERS’ REMUNERATION AND EXPENSES
The remuneration and expenses of Seshadri Rajagopalan and Paresh Tribhovan Jotangia of Grant Thornton Singapore Private Limited c/o 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960 appointed as judicial managers on 6 November 2020 (including fees of professionals engaged by the judicial managers), before their cessation as judicial managers, be charged as an expense of the winding-up commenced pursuant to section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act (Act 40 of 2018) in accordance with the resolution passed on Wednesday (3 November 2021).

Related: Creditors meeting for Hua Sheng Shipping, Nan Zhou Maritime, Xin Sheng Shipping scheduled

 

Photo credit: Benjamin child
Published: 13 December, 2021

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