Winding up

Singapore: GC Oil Trading Pte Ltd to be wound up voluntarily

A liquidator was appointed for the company, which claims to be in the oil bunkering business, at an extraordinary general meeting held on 13 December, according to Government Government notice.

Published

2 years ago

December 23, 2024

Admin

Several resolutions for GC Oil Trading Pte Ltd were made during an extraordinary meeting held on 13 December, according to a notice in the Government Gazette on Friday (20 December).

The meeting was held using virtual meeting technology. According to its website, the company claims to be in the oil bunkering business and is located at 18 Howard Road, #03-06 Novelty BizCentre, Singapore 369585.

The duly passed resolutions were:

As Special Resolutions

That the Company be wound up voluntarily pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018.
That pursuant to Sections 177(1)(a) and 177(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018, the Liquidator be and is hereby authorised to exercise any or all of the powers given to a Liquidator by Sections 144(1)(b), (c), (d), (e), (f), (g) and 144(2) of the Insolvency, Restructuring and Dissolution Act 2018.
That the appointed Liquidator be and is hereby authorised to divide all or such part of the surplus assets of the Company as he shall think fit among the shareholders of the Company in specie or otherwise, in accordance with their existing rights and interests.

As Ordinary Resolutions

That Mr Tan Eng Soon c/o 7500A Beach Road, #05-303/304 The Plaza, Singapore 199591 be and is hereby appointed as Liquidator for the purpose of winding-up.
That the remuneration of the Liquidator be based on his normal scale of professional fees plus disbursements and that the Liquidator’s fees be paid out of the assets of the Company.

Photo credit: Drew Beamer
Published: 23 December, 2024

Winding up

Notice of dividend issued for defunct Singapore bunker supplier Inter-Pacific Petroleum

First and final dividend for admitted preferential claims and unsecured claims of Inter-Pacific Petroleum is payable from 31 July, according to Government Gazette notice.

Published

7 minutes ago

August 3, 2026

Admin

A notice of dividend for defunct Singapore bunker supplier Inter-Pacific Petroleum Pte Ltd, currently in compulsory liquidation, was published on the Government Gazette on Friday (31 July).

The following are the details of the notice:

Name of Company : Inter-Pacific Petroleum Pte. Ltd. (In Compulsory Liquidation)
Unique Entity No./ Registration No. : 201115209N
Address of Registered Office : c/o 6 Shenton Way, OUE Downtown 2 #33-00, Singapore 068809
Court : The High Court of the Republic of Singapore
Number of Matter : Companies Winding Up No.: HC/CWU 37/2021
Amount per centum : 100 cents per Singapore dollar for admitted preferential claims; 0.21 cents per Singapore dollar for admitted unsecured claims
First and Final or Otherwise : First and final dividend for admitted preferential claims; First and final dividend for admitted unsecured claims
When payable : From 31 July 2026 onwards
Where payable : Dividends will be made by interbank transfer to the nominated bank account submitted by the creditor of the Company

Manifold Times previously reported the Appellate Division of Singapore’s High Court finding a former Director of Inter-Pacific Petroleum (IPP) not liable to pay up to USD 146 million of the company’s total USD 156 million loss.

The decision sets aside an earlier decision by the High Court that found Dr Goh Jin Hian responsible for the company’s financial loss.

The Appellate Division of the High Court found that even though it agreed that Dr Goh had breached his duty of care as a director, IPP has failed to show that his breach caused loss to the company.

Lester Ho, Associate Director of multi-disciplinary law firm Helmsman LLC previously shared his timely key takeaways on the case of Dr Goh v Inter-Pacific Petroleum when the Appellate Division of the High Court in Singapore overturned the High Court’s finding that Mr Goh’s breach had caused IPP to incur the losses.

Photo credit: Drew Beamer
Published: 3 August, 2026

Winding up

Singapore: Notice of intended dividend issued for Nan Ho Maritime, Nan Xin Maritime

Creditors will need to produce proofs of debt to liquidators of Nan Ho Maritime and Nan Xin Maritime by 7 August, according to Government Gazette notice.

Published

7 days ago

July 27, 2026

Admin

Two notices to declare the intended dividend of Nan Ho Maritime Pte Ltd and Nan Xin Maritime Pte Ltd to their creditors have been posted on the Government Gazette on Friday (24 July).

The following are the details of the notices of intended dividend:

Name of Company : Nan Ho Maritime (Pte.) Ltd. (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 200814315C
Address of Former Registered Office : 21 Bukit Batok Crescent, #22-70 WCEGA Tower, Singapore 658065
Last Day for Receiving Proofs : 7th day of August 2026
Name of Liquidators : Abuthahir Abdul Gafoor & Yessica Budiman
Address of Liquidators : c/o AAG Corporate Advisory Pte. Ltd., 11 Collyer Quay, #07-02 The Arcade, Singapore 049317

Name of Company : Nan Xin Maritime (Pte.) Ltd. (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 201701966W
Address of Former Registered Office : 21 Bukit Batok Crescent, #22-70 WCEGA Tower, Singapore 658065
Last Day for Receiving Proofs : 7th day of August 2026
Name of Liquidators : Abuthahir Abdul Gafoor & Yessica Budiman
Address of Liquidators : c/o AAG Corporate Advisory Pte. Ltd., 11 Collyer Quay, #07-02 The Arcade, Singapore 049317

Photo credit: steve pb from Pixabay
Published: 27 July, 2026

Winding up

Singapore: Notice of intended dividend issued for Xihe Holdings’ subsidiaries

Creditors will need to produce proofs of debt to liquidators of Da Xin Tankers and Nan Chiau Maritime by 5 August, according to Government Gazette notice.

Published

2 weeks ago

July 23, 2026

Admin

Two notices to declare the intended dividend of Xihe Holdings’ subsidiaries to their creditors have been posted on the Government Gazette on Wednesday (22 July).

The subsidiaries are Da Xin Tankers Pte Ltd and Nan Chiau Maritime Pte Ltd.

The following are the details of the notices of intended dividend:

Name of Company : Da Xin Tankers (Pte) Ltd (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 198400895W
Address of Registered Office : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960
Last Day for Receiving Proofs : 5 August 2026 at 5:00 pm by email to [email protected]
Name of Liquidators : Paresh Tribhovan Jotangia and Ho May Kee
Address : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960

Name of Company : Nan Chiau Maritime (Pte.) Ltd. (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No.: 200814296Z
Address of Registered Office : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960
Last Day for Receiving Proofs : 5 August 2026 at 5:00 pm by email to [email protected]
Name of Liquidators : Paresh Tribhovan Jotangia and Ho May Kee
Address : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960

Photo credit: steve pb from Pixabay
Published: 23 July, 2026