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:
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: | 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: drew-beamer
Published: 23 December, 2020
The Global Director tells Manifold Times his views on 2020, the future role of physical suppliers, and adoption of MFM bunkering for international operations.
Aegean will issue new shares equal to 30% of its common stock (on a pro-forma basis) to Mercuria.
To consolidate foothold on the shipping business in Nigeria and boost profitability, says spokeswoman.
New office will be staffed by experienced traders Lars Doering, Oliver Grunau and Karsten Kurth.
With pandemic-related demand loss heavily concentrated in the transport fuel sector, the market for refined products next year will be smaller than 2015, states report.
Parties will cooperate in training, support and recognition, and sharing of best practices to support carbon accounting capabilities of local maritime firms.
Firm hopes to leverage partnership in Greece as a springboard to expand into neighbouring and overseas markets including Europe and China, says Robin Van Elderen, Regional Head Bunkers, Europe, Sing Fuels.
Singapore can help less developed countries in SouthEast Asia through ‘piloting and scaling fuels and technology as well as a leading hub for green finance’, said DNV Group President and CEO Remi Eriksen.
Octamar™ Ultra HF, Octamar™ Complete, and Octamar™ F35C were found to have improved the fuel economy while reducing exhaust gas and other emissions of marine engines in a series of trials, states report.
Disposal of evidence has resulted in Singapore not being able to provide full details to the United Nationals Panel of Experts which sought information regarding the case, says Ministry of Foreign Affairs.
‘We are proud to be amongst the first to show the successful steps taken by Singapore’s bunkering ecosystem to remain forward thinking and relevant,’ Choong Sheen Mao, Director of EMF, tells Manifold Times.
‘With the launch of a common data infrastructure, Kenoil aims to continue achieving an end to end visibility and transparency on the bunker data supply chain,’ states Kenoil Managing Director.
