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Judicial Managers of Xihe Holdings and subsidiaries call for first 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 (Pte Ltd), its 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:

  • Xihe Holdings (Pte) Ltd
  • Da Xin Tankers (Pte) Ltd
  • Hua Guang Shipping Pte Ltd
  • Hua Xin Shipping Pte Ltd
  • Nan King Maritime (Pte.) Ltd

According to the notice, the first meeting of creditors will be held on Tuesday, 12 January 2021 at 10am (SG time) via video conferencing pursuant to the Covid-19 (Temporary Measures) (Alternative Arrangements for Meeting) (Corporate Insolvency) 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: [email protected]


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: drew-beamer
Published: 23 December, 2020

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