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Singapore: Diamond Star Shipping Pte. Ltd. to be wound up voluntarily

26 Sep 2022

An extraordinary general meeting to pass several resolutions for Diamond Star Shipping Pte. Ltd was held on Friday (16 September), according to a notice dated Friday (23 September) posted on the Government Gazette.

The following resolutions were duly passed:

Special Resolutions

  1. “That the Company be wound up voluntarily pursuant to Section 160(1) of the Insolvency, Restructuring and Dissolution Act 2018 (No. 40 of 2018) of Singapore (the “Act”).”
  2. “That Lau Chin Huat, as Liquidator, be and is hereby authorised to divide among the contributory in cash or in specie the whole or any part of the assets of the company.”
  3. “That the Liquidator be at liberty to exercise all or any of the powers conferred on himself pursuant to the Act.”

Ordinary Resolutions

  1. “That Lau Chin Huat, care of 6 Shenton Way, OUE Downtown 2, #33-00, Singapore 068809 be and is hereby appointed as the Liquidator for the purpose of winding up of the company.”
  2. “That the remuneration and winding up disbursements of the Liquidator be fixed on a time basis at rates normally charged for such an assignment.”
  3. “That the Liquidator be authorised to destroy all books and papers of the company and of the Liquidator five years after the date of dissolution of the company pursuant to Section 195(2) of the Act.

Notice was also given to creditors of the company to send their names and addresses and full particulars of their debts or claims and the names and addresses of their solicitors (if any) to the liquidator of the company on or before 24 October 2022.

And if so required by notice in writing from the said liquidator, are, by their solicitors or personally, to come in and prove their said 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.


Photo credit: steve pb from Pixabay
Published: 26 September, 2022

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