Winding up

Singapore: Director of Teras Lyza declares firm’s inability to continue business due to liabilities

Ramalingam S/O Ramalingam, director of Teras Lyza Pte Ltd, made and lodged with the Official Receiver a statutory declaration stating the firm cannot by reason of its liabilities continue its business.

Published

1 year ago

February 27, 2024

Admin

Barges, tugboats and bumboats operators and charterers Teras Lyza Pte Ltd director, Mr. Ramalingam S/O Ramalingam @ Kamal Deen Bin Abdullah, on Friday (16 February) made and lodged with the Official Receiver a statutory declaration, according to notices published on the Government Gazette on 26 February.

The statutory declaration by the director stated that:

I am a director of the abovenamed company;
The abovenamed company cannot by reason of its liabilities continue its business; and
The meetings of the abovenamed company and of its creditors have been summoned for the 8th day of March 2024, being a date within one month of the date of this Statutory Declaration.

In another notice, Messrs. Ng Kian Kiat and Goh Wee Teck care of 8 Wilkie Road #03-08 Wilkie Edge Singapore 228095 have been appointed as joint and several Provisional Liquidators of the company on the 16 February.

In a third notice, a meeting of the creditors of the company will be held at 8 Wilkie Road #03-08 Wilkie Edge Singapore 228095 through an audio-visual conference on the 8 March 2024 at 2.30 pm for the purposes of:

receiving a statement of the Company’s affairs together with a list of creditors and the estimated amounts of their claims;
appointing liquidators;
appointing a committee of inspection of not more than 5 members, if thought fit; and
any other business.

Photo credit: Benjamin child
Published: 27 February, 2024

Winding up

Singapore: Annual general meetings scheduled for Xihe Holdings subsidiaries

Annual general meetings of companies/creditors will be held for Xin Chun Shipping and Xin Dun Shipping on 1 July respectively, according to Government Gazette notices.

Published

5 days ago

June 18, 2025

Admin

Notices were published on the Government Gazette on Tuesday (17 June) regarding scheduled annual meetings, to be held by electronic means, for two Xihe Holdings subsidiaries Xin Chun Shipping Pte Ltd and Xin Dun Shipping Pte Ltd.

Annual general meetings for Xin Chun Shipping are to be held on 1 July at the following times:

For the company: 10am
For the creditors: 11am

Annual general meeting for Xin Dun Shipping are to be held on 1 July at the following times:

For the company: 2pm
For the creditors: 3pm

AGENDA

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 following are the details of the liquidator:

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

Xihe Holdings Pte Ltd and its subsidiaries are owned by the Lim family, who are also the owners of the embattled Hin Leong Trading.

Photo credit: Benjamin-Child
Published: 18 June, 2025

Winding up

Singapore: DBS Bank submits court winding up application against AMS Marine

Bank is a creditor AMS Marine, part of the AMS Marine Group compromising of a sister firm in Malaysia.

Published

7 days ago

June 16, 2025

Admin

DBS Bank on 6 June submitted a winding up application to the High Court of the Republic of Singapore against Singapore-based AMS Marine Pte Ltd, according to a Government Gazette post on Friday (13 June).

The bank is a creditor AMS Marine, part of the AMS Marine Group compromising of a sister firm in Malaysia offering a full suite of engineering services encompassing piping, steelworks, and afloat repair to oil & gas vessels.

The winding up application is directed to be heard before the Judge sitting in the General Division of the High Court of the Republic of Singapore at 10.00 a.m. on 4 July 2025.

Any creditor or contributory of AMS Marine 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 AMS Marine requiring the copy of the winding up application by the undersigned on payment of the regulated charge for the same.

The Claimant’s address is 12 Marina Boulevard, Marina Bay Financial Centre Singapore 018982. The Claimant’s solicitors are Shook Lin & Bok LLP of 1 Robinson Road #18-00, AIA Tower, Singapore 048542.

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, 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 sent by post in sufficient time to reach the abovenamed not later than 30 June 2025 (at least 3 clear working days before the day appointed for the hearing of the winding up application).

Photo credit: Manifold Times
Published: 16 June 2025

Winding up

Singapore: Quetzal Offshore Pte Ltd to be wound up voluntarily

Joint and several liquidators were appointed for the company at an extraordinary general meeting held via electronic means on 27 May, according to Government Government notice.

Published

3 weeks ago

June 4, 2025

Admin

Several resolutions for Quetzal Offshore Pte Ltd were made during an extraordinary meeting held via electronic means on 27 May, according to a post in the Government Gazette on Tuesday (3 June).

The duly passed resolutions were:

As Special Resolution

That it has been proved to the satisfaction of the meeting that the Company cannot by reason of its liabilities continue its business and accordingly, the Company be wound up voluntarily pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018 (No. 40 of 2018) (the “Act”);

As Ordinary Resolutions

That Mr. Chan Kwong Shing, Adrian, Ms. Toh Ai Ling and Ms. Tan Yen Chiaw all care of KPMG Services Pte Ltd. of 12 Marina View, #15-01 Asia Square Tower 2, Singapore 018961, be confirmed as the joint and several Liquidators of the Company pursuant to Section 167(1) of the Act for the purpose of winding
up the affairs of the Company at such remuneration based on time costs; and
That the Liquidators be at liberty to open, maintain and operate any bank account(s) or account(s) for monies received by them as Liquidators with such bank(s) as they deem fit.

According to SGP Business website, a business platform for businesses and individuals, the company’s main business was offering ship management services.

Photo credit: Drew Beamer
Published: 4 June, 2025