• Follow Us On Our Preferred Social Media Platform:

JMs: First creditors meeting of Xihe Holdings subsidiaries to be held in January 2021

24 Dec 2020

Several notices were published by Grant Thorton in the Government Gazette on Wednesday (23 December) regarding the first meeting between the judicial managers of Xihe Holdings’ subsidiaries and its creditors, as well as procedures to submit proof of debt to entitle creditors to a vote during the said meeting.

The notice applies to the following subsidiaries of Xihe Holdings:

  • Da Guang Tankers (Pte) Ltd (Judicial Managers Appointed)
  • Da Zhong Tankers (Pte) Ltd (Judicial Managers Appointed)
  • Dafa Shipping (Pte) Ltd (Judicial Managers Appointed)
  • Dong Jiang Tankers (Pte) Ltd (Judicial Managers Appointed)
  • Dong Nan Tankers (Pte) Ltd (Judicial Managers Appointed)
  • Dong Sheng Tankers (Pte) Ltd (Judicial Managers Appointed)
  • Dong Ya Tankers (Pte) Ltd (Judicial Managers Appointed)
  • Xin An Shipping (Pte) Ltd (Judicial Managers Appointed)
  • Xin Chun Shipping (Pte) Ltd (Judicial Managers Appointed)
  • Xin Dun Shipping (Pte) Ltd (Judicial Managers Appointed)
  • Xin Kang Shipping (Pte) Ltd (Judicial Managers Appointed)
  • Xin Ying Shipping (Pte) Ltd (Judicial Managers Appointed)

According to the notice, the first meeting of creditors will be held on Tuesday, 12 January 2021 at 10a.m. (SG time) via video conferencing and pursuant to the Covid-19 Order 2020.

To entitle creditors to vote thereat, any proof of debt, if not previously lodged, must be received by the judicial managers at the address or email address listed below by no later than 5 p.m. (SG time) on Thursday, 7 January 2021 irrespective of the means chosen to lodge the proof of debt.

All copies of the prescribed proxy forms may be requested from the Judicial Managers at their address stated below or via e-mail at the email between 9 a.m. to 5 p.m. on Mondays to Fridays.

In order for the proxy to be able to attend and vote at the first meeting of creditors, all proxy forms must be accurate and correctly completed when received by the judicial managers at the stipulated time and address.

The published details to submit any proof of debt is as follows:

Address of registered office of above named companies: 456 Alexandra Road,
#17-01 Fragrance Empire Building
Singapore 119962
Last day of receiving proofs: 5.00 p.m. on Wednesday, 6 January 2021 at the address or email address of the Judicial Managers stated below
Name of Judicial Managers: Seshadri Rajagopalan and Paresh Jotangia
Judicial Managers’ address: c/o Grant Thornton Singapore Private Limited
8 Marina View
#40-04/05 Asia Square Tower 1
Singapore 018960
Judicial Managers’ Email address: xihe.ijm@sg.gt.com

 

Note: The above development above builds upon Tuesday’s announcements by Grant Thorton (below):

Related: Judicial Managers of Xihe Holdings and subsidiaries call for first creditors meeting
Related: JMs of An Guang Shipping and other Xihe subsidiaries call for creditors meeting

Earlier reports by Manifold Times regarding Xihe Holdings’ judicial management are as follows:

Related: Judicial Managers appointed for Xihe Holdings subsidiary, Xin Hui Shipping
Related: Singapore: Additional Xihe Holdings subsidiaries to be placed under judicial management
Related: Singapore: Xihe Holdings and subsidiaries to be placed under judicial management


Photo credit: Benjamin-Child

Published: 24 December, 2020

Related News

Featured News

Our Industry Partners

  • argus

PR Newswire