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Provisional liquidators arrange creditors meeting for Xin Bo, An Guang Shipping

18 Feb 2022

Provisional liquidators from Grant Thornton Singapore Private Limited on Friday (18 February) issued notices on the Government Gazette for creditors meetings related to two Xihe Holdings Pte Ltd subsidiaries.

Directors of An Guang Shipping and Xin Bo Shipping on 27 and 28 January respectively declared the companies’ inability to continue business due to current liabilities.

As such, electronic meetings of creditors for An Guang Shipping and Xin Bo Shipping have been arranged for 25 February.

The purpose of the meetings are as follows:

  1. To receive a full statement of the Company’s affairs together with a list of creditors and the estimated amount of their claims.
  2. To appoint liquidators.
  3. To consider the judicial managers’ remuneration and expenses as an expense of the winding-up.
  4. To be authorised to appoint solicitors to (i) assist the liquidators in the liquidators’ duties; and/or (ii) to bring or defend any action or legal proceeding in the name and on behalf of the Company.

A copy of the detailed agenda for the meeting of creditors of An Guang Shipping and Xin Bo Shipping has been circulated to all known creditors of the Company via registered post and email.

Any creditor of the companies who has not received the detailed agenda by this date is invited to contact representatives Ms. Gwee Hui Fang (huifang.gwee@sg.gt.com) and Ms. Ashley Shanti (ashley.shanti@sg.gt.com) where upon satisfactory verification, a copy of the detailed agenda will be provided.

Related: Singapore: Creditors to file debt claims for Xin Bo Shipping by 14 June
Related: Xihe Holdings subsidiary Xin Bo Shipping placed under judicial management
Related: JMs of An Guang Shipping and other Xihe subsidiaries call for creditors meeting

 

Photo credit: steve pb from Pixabay
Published: 18 February, 2022

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