Winding up

Singapore: K3 Shipping Pte Ltd to be wound up voluntarily

Creditors are to send in proofs of their debts and claims to the appointed liquidators, on or before 5 August, according to a notice on Government Gazette.

Published

9 months ago

July 9, 2024

Admin

Members of K3 Shipping Pte Ltd have decided to voluntarily wind up the company during an Extraordinary General Meeting held on 28 January, according to a Friday (5 July) notice on the Government Gazette.

The following resolutions were unanimously resolved at the meeting of the company:

Special Resolutions

That the Company be wound up as a Members’ Voluntary Liquidation pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018.
That the Liquidators may divide among the contributories in specie or kind the whole or any part of the assets of the Company.
That the Liquidators be authorised to exercise any or all of the powers provided under Section 144(1)(b), (c), (d), (e), (f) and (g) of the Insolvency, Restructuring and Dissolution Act 2018.

Ordinary Resolutions

That Goh Yeow Kiang Victor, Khor Boon Hong and Lee Yi Ying, Marie care of Baker Tilly Consultancy (Singapore) Pte Ltd, 600 North Bridge Road, #05-01 Parkview Square, Singapore 188778, be appointed joint and several Liquidators for the purpose of such liquidation and that the Liquidators be indemnified by the Company against all costs, charges, losses, expenses and liabilities incurred or sustained by them in the execution and discharge of their duties.
That the remuneration of the Liquidators, in respect of themselves, their partners and staff, be fixed on a time basis at rates normally charged for such an assignment plus the necessary disbursements.

In the second notice, the Liquidators called for creditors of the company to send in their names and addresses with particulars of their debts and claims and the names and addresses of their solicitors (if any) by Monday, 5 August.

Additionally, if so required by notice in writing from the said Liquidators, creditors are to personally come in or via their Solicitors, to prove their debts and claims at such time and place as shall be specified or in default be excluded from the benefit of any distribution made before such debts and claims are proved.

Photo credit: Drew Beamer
Published: 9 July, 2024

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.

Published

2 weeks ago

March 17, 2025

Admin

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.

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

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.

Published

2 weeks ago

March 13, 2025

Admin

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.

Photo credit: Drew Beamer
Published: 13 March, 2025

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.

Published

2 weeks ago

March 12, 2025

Admin

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.

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