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Singapore: Creditors of MOECO Asia EP2 Pte. Ltd. to submit claims before 25 July

27 Jun 2022

Two notices were published in the Government Gazette on Friday (24 June) regarding the winding up process of MOECO Asia EP2 Pte. Ltd, a wholly-owned subsidiary of Mitsui Oil Exploration Co., Ltd.

The first notice informed creditors of the company to send in their names and addresses and particulars of their debts or claims, and the names and addresses of their solicitors (if any) to the Liquidator on or before 25 July, 2022. 

If required by notice in writing by the said Liquidator creditors are, by their solicitors or personally, to come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.

Contact details of the liquidator are as follows:

Ong Kok Yeong David
Liquidator
c/o 80 Robinson Road #02-00
Singapore 068898

The second notice was informing that an Extraordinary General Meeting of the members of the company was held on 16 June 2022, where the following Resolutions were duly passed:

AS SPECIAL RESOLUTIONS

  • That the Company be wound up voluntarily pursuant to Section 160(1)(b) of the Insolvency, Restructuring And Dissolution Act 2018 (Act 40 of 2018).
  • That the Liquidators be authorised to exercise any of the powers provided by Section 144(1)(b), (c), (d), (e), (f) and (g) of the Insolvency, Restructuring And Dissolution Act 2018 (Act 40 of 2018).
  • That in accordance with the provisions of the Company’s Constitution, the Liquidators be and are hereby authorised to distribute in specie all or any part of the assets of the Company remaining after satisfaction of all debts and liabilities.

AS ORDINARY RESOLUTIONS

  • That Ong Kok Yeong David and Tay Tuan Leng c/o Tricor Singapore Pte. Ltd., 80 Robinson Road, #02-00, Singapore 068898 be appointed jointly and severally as Liquidators of the Company for the purpose of such winding up.
  • That the remuneration of the Liquidators be based on their normal scale rates for carrying out the assignment plus disbursements and that the Liquidators’ fees be paid out of the assets of the Company.

Mitsui Oil Exploration Co. Ltd. explores and distributes energy products. The company is also known to produce crude oils, natural gases, and other energy products.

 

Photo credit: steve pb from Pixabay
Published: 27 June, 2022

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