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Winding up

Singapore: Gina Krog Offshore to undergo voluntary wind up

Creditors are required on or before 29 November 2023 to send in their names and addresses and particulars of their debts or claims to appointed liquidators, says notice.

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An extraordinary general meeting to pass several resolutions for Gina Krog Offshore (registration no. 201528894D) was held on Monday (23 October), according to a 30 October notice posted on the Government Gazette.

The meeting was held by way of video conference via MS Teams where the following resolutions were duly passed: 

AS SPECIAL RESOLUTIONS

(1) 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).

(2) That the Liquidators be and are hereby authorised to exercise any or all of the powers given to the Liquidators by Section 144(1)(b), (c), (d), (e), (f) and (g) of the Insolvency, Restructuring and Dissolution Act 2018 (Act 40 of 2018).

(3) That in accordance with the provisions of the Company’s Constitutions, 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

(4) That Sam Kok Weng and Kam Chew Mun, both c/o 7 Straits View, Marina One, East Tower, Level 12, Singapore 018936, be and are hereby appointed Liquidators of the Company, jointly and severally, for the purpose of such winding up.

(5) That the remuneration of the Liquidators be based on their normal scale rates for carrying out the assignment and that the Liquidators’ remuneration and their disbursements be paid out of the assets of the Company.

In another notice, the liquidators said creditors for the company are required on or before the 29 November 2023 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 liquidators. 

Liquidators may also require creditors 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.”

The liquidator can be contacted at the following address:

Sam Kok Weng
Joint and Severally Liquidator
c/o 7 Straits View
Marina One East Tower, Level 12
Singapore 018936

Photo credit: Benjamin Child
Published: 31 October, 2023

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Winding up

Singapore: Final meetings scheduled for Flores Shipping and related companies

Other companies involved in the matter are Lombok Shipping and PACC Banda; meetings will be held at 600 North Bridge Road, #05-01 Parkview Square, Singapore 188778.

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The final meetings of members of Flores Shipping Pte Ltd and related companies, have been scheduled to take place on 14 April, according to the company’s liquidators on a notice posted on Friday (14 March) on the Government Gazette.

The other companies involved in the matter are Lombok Shipping Pte Ltd and PACC Banda Pte Ltd. 

The meetings will be held at 600 North Bridge Road, #05-01 Parkview Square, Singapore 188778 at the following times: 

  • Flores Shipping: 9am 
  • Lombok Shipping: 9.30am
  • PACC Banda: 10am

The meetings will be held the purpose of having an account laid before the members showing the manner in which the winding up has been conducted and the property of the company disposed of and of hearing any explanation that may be given by the liquidators.

The details of the liquidators are as follows:

Victor Goh
Khor Boon Hong
Marie Lee
Joint Liquidators
C/o Baker Tilly
600 North Bridge Road
#05-01 Parkview Square
Singapore 188778

Note: Pursuant to Section 181 of the Companies Act 1967, a member entitled to attend and vote at this meeting is entitled to appoint another person or persons as his/her proxy to attend and vote in his/her stead. Proxies to be used at the meeting must be lodged at the Office of the Liquidators not later than 48 hours before the meeting.

Related: Singapore: Flores Shipping and related companies to undergo members’ voluntary liquidation

 

Photo credit: Benjamin-child
Published: 17 March, 2025

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Winding up

Singapore: Annual general meetings scheduled for Xihe Holdings subsidiaries

Annual general meetings will be held electronically between 26 to 27 March for Da Guang Tankers Pte Ltd, Dafa Shipping Pte Ltd, Dong Jiang Tankers Pte Ltd, and Xin An Shipping Pte Ltd.

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RESIZED Drew Beamer

Several notices were published on the Government Gazette on Wednesday (12 March) regarding the annual general meetings to be held by electronic means between 26 to 27 March for Xihe Holdings subsidiaries, namely Da Guang Tankers Pte Ltd, Dafa Shipping Pte Ltd, Dong Jiang Tankers Pte Ltd, and Xin An Shipping Pte Ltd. 

Annual general meetings for Da Guang Tankers are to be held on 27 March at the following times:

For the company: 3 pm
For the creditors: 4pm

Annual general meetings for Dafa Shipping are to be held on 26 March at the following times:

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

Annual general meetings for Dong Jiang Tankers are to be held on 26 March at the following times:

For the company: 10.00 am
For the creditors: 11.00 am

Annual general meetings for Xin An Shipping are to be held on 27 March at the following times:

For the company: 10.00 am
For the creditors: 11.00 am

The agenda for all the meetings are:

  • 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.

Related: Singapore: Additional Xihe Holdings subsidiaries to be placed under judicial management
Related: JMs: First creditors meeting of Xihe Holdings subsidiaries to be held in January 2021

 

Photo credit: Drew Beamer
Published: 13 March, 2025

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Winding up

Singapore: Meeting of company and creditors scheduled for Ruchira Ships Limited

Meeting will be held at 12 Marina View, #15-01 Asia Square Tower 2, Singapore 018961, on 11 April at 10 am, according to Government Gazette notice.

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A meeting of the company and creditors for Marshall Islands-registered Ruchira Ships Limited has been arranged by its liquidator, a notice posted on the Government Gazette on Tuesday (11 March). 

The meeting will be held at 12 Marina View, #15-01 Asia Square Tower 2, Singapore 018961, on 11 April at 10 am.

The meeting will be held for the purpose of having an account laid before the members showing the manner in which the winding up has been conducted and the property of the company disposed of and to hear any explanation that may be given by the liquidator. 

The details of the liquidator are as follows:

Toh Ai Ling
Joint and Several Liquidator
c/o KPMG Services Pte. Ltd.
12 Marina View #15-01
Asia Square Tower 2
Singapore 018961

Manifold Times previously reported the High Court of Singapore issuing a winding up order to Ruchira Ships Limited early last year. 

The winding up order against Marshall Islands-registered Ruchira Ships Limited was filed by United Overseas Bank Limited (UOB) on 27 October 2023.  

Related: Singapore: Ruchira Ships Limited winding up application to be heard on 12 January
Related: Singapore: High Court issues winding up order to Ruchira Ships Limited

 

Photo credit: steve pb from Pixabay
Published: 12 March, 2025

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