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Singapore: Brightoil Director declares oil tanker SPVs unable continue business

23 Aug 2021

A Director of several special purpose vehicles (SPVs) ultimately under Brightoil Petroleum (Holdings) Limited has declared their inability to continue business, according to a Friday (20 August) notice on the Government Gazette.

The affected entities, which will be wound up voluntarily, are:

  • Brightoil 319 Oil Tanker Pte. Ltd
  • Brightoil 326 Oil Tanker Pte. Ltd
  • Brightoil 329 Oil Tanker Pte. Ltd
  • Brightoil 639 Oil Tanker Pte. Ltd
  • Brightoil 666 Oil Tanker Pte. Ltd
  • Brightoil 688 Oil Tanker Pte. Ltd

Tee Wey Lih of Acres Advisory Pte Ltd of 531A Upper Cross Street #03-128 Hong Lim Complex Singapore 051531 has been appointed provisional liquidator for the purpose of winding up the affairs of the companies on 16 August 2021. 

Note: Brightoil Petroleum (Holdings) Limited has been renamed as Petroglory Petroleum (Holdings) Limited.

Earlier developments of Brightoil (since late 2017 to date) can be found in the search results here.

 

Photo credit: benjamin-child
Published: 23 August, 2021

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