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Winding up

Singapore: Annual general meetings scheduled for Nan King Maritime, Dong Nan Tankers

Annual general meetings of companies/creditors will be held electronically on 10 December for Nan King Maritime and Dong Nan Tankers, according to Government Gazette notices.

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Several notices were published on the Government Gazette on Monday (25 November) regarding the annual general meetings to be held electronically on 10 December for Nan King Maritime Pte Ltd and Dong Nan Tankers Pte Ltd. 

Annual general meetings for Nan King Maritime are to be held:

Annual general meeting of the Company at 2pm
Annual general meeting of the creditors of the Company at 3pm

Annual general meetings for Nan Yi Maritime are to be held:

Annual general meeting of the Company at 10am
Annual general meeting of the creditors of the Company at 11am

The agenda for all the meetings are:

  • To receive an update on the liquidation.
  • To receive an account of the Liquidators’ acts and dealings, and of the conduct of the winding up.

The name and address of the liquidator is as follows:

Ho May Kee
Liquidator
c/o 8 Marina View
#40-04/05 Asia Square Tower 1
Singapore 018960

 

Photo credit: Benjamin Child
Published: 26 November, 2024

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Winding up

Singapore: High Court to hear oil trader Hontop Energy winding up application

Application for the winding up of Hontop Energy (Singapore) Pte Ltd was filed by joint and several judicial managers of the company on 30 October, according to Government Gazette notice.

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An application for the winding up of Hontop Energy (Singapore) Pte Ltd was filed by joint and several judicial managers of the company on 30 October, according to Friday (29 November) notice on the Government Gazette.

It noted the winding up application is directed to be heard before the Judge sitting in the General Division of the High Court at 10am on 21 January. 

Hontop Energy was one of four Singapore-based trading companies to have collapsed in 2020, together with oil traders Hin Leong and Zenrock and coal trading firm Agritrade. Hontop, which went into receivership in February, is fully owned by Chinese private-sector firm Wanda whose group assets include the 100,000 b/d Tianhong independent refinery in Shandong province.

It was previously reported that the High Court of Singapore approved Malaysian bank CIMB’s application for Hontop Energy, the trading arm of Chinese independent refiner China Wanda Holding Group Co Ltd, to be placed under judicial management. 

According to the filing at the time, CIMB is looking to recover USD 105 million that it has lent to the company and Hontop owes approximately USD 470 million to seven creditors. 

Lin Yueh Hung and Oon Su Sun of RSM Corporate Advisory Pte Ltd were nominated to act as the judicial managers.

According to the Government Gazette notice, any creditor or contributory of the company desiring to support or oppose the making of an order on the winding up application may appear at the time of hearing by himself or his counsel for that purpose.

A copy of the winding up application will be furnished to any creditor or contributory of the company requiring the copy of the winding up application by the undersigned on payment of the regulated charge for the same.

The Applicant's address is 8 Wilkie Road #03-08 Wilkie Edge, Singapore 228095.

The Applicant's solicitors are Rajah & Tann Singapore LLP of 9 Straits View #06-07 Marina One West Tower, Singapore 018937.

Note: Any person who intends to appear on the hearing of the winding up application must serve on or send by post to the abovenamed RAJAH & TANN SINGAPORE LLP, the Claimant’s Solicitors, notice in writing of his intention to do so. The notice must state the name and address of the person, or, if a firm, the name and address of the firm, and must be signed by the person, firm, or his or their solicitor (if any). Unless otherwise directed by the Court, the notice must be served and, if sent by post, must be posted in such sufficient time as in the ordinary course of post to reach the abovenamed at least 3 clear working days before 20 January 2025 (the day before the day appointed for the hearing of the application).

Related: Hontop Energy placed under judicial management over fraudulent conduct accusations
Related: Hearing date set for Hontop Energy to be placed under judicial management
Related: CIMB requests for Hontop Energy restructuring amid suspicious transactions with BP
Related: Argus Media: Hontop Energy fraud allegations add to Singapore trading woes
Related: BP Singapore oil traders on leave over being named in Hontop Energy fraud allegations

 

Photo credit: Manifold Times
Published: 2 December, 2024

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Winding up

High Court of Singapore issues winding up order against ANR Shipping

Yew Choon Pte Ltd filed a winding up application against ANR Shipping (S) on 30 October; creditors of ANR Shipping (S) should file their proof of debt with the liquidators.

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The High Court of Singapore on Friday (22 November) issued a winding up order to ANR Shipping (S) Pte Ltd, according to a 27 November notice on the Government Gazette.

The winding up application was filed by Yew Choon Pte Ltd on 30 October.

According to ANR Shipping website, ANR Shipping (S) Pte Ltd is under the ANR Group of Companies. The services offered by the Group include vessel chartering and tug and barge services. 

The winding up order also included the following names and address of the joint and several liquidators:

DON HO MUN-TUKE
HO CHJUEN MENG, DAVID DONALD
BOTH CARE OF DHA+ PAC
63 Market Street
#05-01A
Bank of Singapore Centre
Singapore 048942

All creditors of ANR Shipping (S) should file their proof of debt with the liquidators who will be administering all affairs of the company.

Related: Singapore: High Court to hear ANR Shipping winding up application on 22 November

 

Photo credit: Sora Shimazaki
Published: 28 November, 2024

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Winding up

Simec Shipping Singapore winding up application to be heard on 29 November

Application for winding up of Simec Shipping (Singapore) was filed by Lucky Jessica Shipping on 7 November, according to Government Gazette notice.

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An application for the winding up of Simec Shipping (Singapore) Pte Ltd was filed by Lucky Jessica Shipping Pte Ltd on 7 November, according to a notice on the Government Gazette on Friday (22 November).

It noted the winding up application is directed to be heard before the Judge sitting in the General Division of the High Court at 10am on 29 November. 

Any creditor or contributory of the company desiring to support or oppose the making of an order on the winding up application may appear at the time of hearing by himself or his counsel for that purpose.

A copy of the winding up application will be furnished to any creditor or contributory of the company requiring the copy of the winding up application by the undersigned on payment of the regulated charge for the same.

The Applicant's address is 111 North Bridge Road, #29-06A Peninsula Plaza, Singapore 179098.

The Applicant's solicitors are Premier Law LLC of 12 Marina Boulevard, #38-04 Marina Bay Financial Centre (MBFC) Tower 3, Singapore 018982.

Note: Any person who intends to appear on the hearing of the winding up application must serve on or send by post to the Claimant’s solicitors, Premier Law LLC of 12 Marina Boulevard, #38-04 MBFC Tower 3, Singapore 018982, notice in writing of his intention to do so. The notice must state the name and address of the person, or, if a firm, the name and address of the firm, and must be signed by the person, firm, or his or their solicitor (if any) and must be served, or, if posted, must be posted in such time as in the ordinary course of post to reach the abovenamed not later than 25th day of November 2024 (at least 3 clear working days before the day appointed for the hearing of the winding up application).

 

Photo credit: Sora Shimazaki on Pexels
Published: 25 November, 2024

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