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Singapore: Keppel Marina Holdings Pte. Ltd. to undergo voluntary wind up

02 Aug 2022

Two notices were published in the Government Gazette on Friday (29 July) regarding the winding up process of Keppel Marina Holdings Pte. Ltd., a subsidiary of Keppel Corporation Limited. 

The first notice informed creditors of the company 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 of the company on or before 29 August, 2022. 

If so required by notice in writing from the said Liquidators are, by their solicitors or personally, to come in and prove their 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.

Contact details of the liquidators are as follows:

LEOW QUEK SHIONG
GARY LOH WENG FATT
SEAH ROH LIN
LIQUIDATORS
c/o BDO Advisory Pte. Ltd.
600 North Bridge Road
#23-01 Parkview Square
Singapore 188778

The second notice was informing that an Extraordinary General Meeting of the members of the company was held on 25 July 2022, 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 (No. 40 of 2018). 
  2. 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) and 144(2) of the Insolvency, Restructuring and Dissolution Act 2018 (No. 40 of 2018). 
  3. That the Liquidators be and are hereby authorised to distribute in specie any or all of the assets of the Company remaining after satisfaction of all debts and liabilities.

AS ORDINARY RESOLUTIONS

  1. That Messrs. Leow Quek Shiong, Gary Loh Weng Fatt and Seah Roh Lin c/o BDO Advisory Pte. Ltd., 600 North Bridge Road #23-01 Parkview Square Singapore 188778 be and are hereby appointed the joint and several Liquidators of the Company for the purpose of such winding-up 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 in relation thereto. 
  2. That the remuneration of the Liquidators be based on their normal scale rates for carrying out the engagement plus disbursements and the prevailing goods-and-services tax and that the Liquidators’ remuneration be paid out of the assets of the Company.

Manifold Times recently sighted a document by Keppel Corporation announcing that its dormant subsidiary Keppel Marina Holdings has been placed under members’ voluntary liquidation. 

“The liquidation of this subsidiary is not expected to have any material impact on the net tangible assets or earnings per share of the Company for the financial year ending 31 December 2022.”

Keppel Corporation subsidiaries include shipbuilder Keppel Offshore & Marine. 

 

Photo credit: steve pb from Pixabay
Published: 2 August, 2022

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