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JMs of An Guang Shipping and other Xihe subsidiaries call for creditors meeting

23 Dec 2020

Two notices were published in the Government Gazette on Tuesday (22 December) regarding the first meeting between the judicial managers of Xihe Holdings’ subsidiaries and its creditors, as well as the 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:

  • An Guang Shipping Pte. Ltd
  • Dong Fang Shipping & Trading (Pte) Ltd
  • Hua An Shipping Pte. Ltd.
  • Hua Kang Shipping Pte. Ltd
  • Hua Sheng Shipping Pte. Ltd
  • Hua Zhong Shipping Pte. Ltd
  • Nan Chiau Maritime (Pte.) Ltd
  • Nan Chuan Maritime (Pte.) Ltd
  • Nan Hai Maritime (Pte.) Ltd
  • Nan Sia Maritime (Pte.) Ltd
  • Nan Ya Maritime (Pte.) Ltd
  • Nan Zhou Maritime (Pte.) Ltd
  • Xin Sheng Shipping (Pte) Ltd
  • Xin Ya Shipping & Trading (Pte) Ltd

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 Wednesday, 6 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


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
Related: Xihe Holdings supervisor to place seven tankers for sale in an attempt to repay creditors
Related: Xihe Holdings placed under IJM as OCBC reverses decision for ‘consensual restructuring’
Related: Xihe Capital and subsidiaries, Nan Guang Maritime to undergo voluntary liquidation
Related: Xihe replaces Directors, forms new management team to chart fresh course for Group 

Photo credit: Stevepb
Published: 23 December, 2020

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