RSM Corporate Advisory Pte Ltd, the judicial managers of Hontop Energy Pte Ltd (Hontop), on Wednesday (21 October) published a notice in the Government Gazette calling for a creditors meeting.
An application was filed by CIMB Bank Singapore for Hontop to be placed under judicial management in June as the bank looked to recover USD 105 million from Hontop and accused the company of fraudulent conduct.
According to the notice, the meeting for Hontop’s creditors is to be held electronically on Thursday (5 November) at 3.00 pm.
The agenda of the meeting is stated to be:
To entitle creditors to vote at the meeting, creditors must lodge their proxy and proof with the Judicial Managers no later than 4.00 pm on Wednesday (4 November) if they have not done so already.
Related: Hontop Energy placed under judicial management over fraudulent conduct accusations
Related: CIMB requests for Hontop Energy restructuring amid suspicious transactions with BP
Related: Argus Media: Hontop Energy fraud allegations add to Singapore trading woes
Related: BP Singapore oil traders on leave over being named in Hontop Energy fraud allegations
Photo credit: Stevepb
Published: 22 October, 2020
Associate Director at Helmsman highlights the need to stay up-to-date with latest protocols / measures introduced by MPA, with continuous education of Master and crew of the visiting vessel.
BunkerPlanner Lite is an attempt to educate professionals engaged in bunker decisions about the use of advanced technology in the decision process, explains BunkerMetric CEO Christian Plum.
Senior Associate at Clyde & Co offers guidance to protect shipowners and bunker tanker operators in the event opposing counterparty breaches Covid-19 protocols, resulting in Covid-19 transmission.
Having a surveyor’s watchful eye to detect illegal activities also sends a strong signal to barge and vessel crew not to undertake any intended non-compliance, states VPS Senior Sales Manager.
Bunker tanker owner’s trust in LR and Metcore’s expertise proves duo’s experience in bunkering MFMs and unceasing support made the difference in ensuring trust during bunker transactions.
‘To be clear, the activities undertaken by Ang outside of Sea Hub are categorically unrelated to the current non-active status of the company,’ Glen Lim, Shipping Director of Sea hub, tells Manifold Times.
21 Jul 2021