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Singapore: Khong Lieng Marine Pte Ltd to be wound up voluntarily

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Creditors of the company are required, on or before 8 October 2025 to send in their names, and addresses, with particulars of their debts and claims, to the firm’s liquidator.
RESIZED Drew Beamer

Several resolutions for Khong Lieng Marine Pte Ltd were made during an extraordinary general meeting held on 1 September, according to a notice in the Government Gazette on Monday (8 September).

According to SGP Business website, the company’s main business is manufacturing and repairing marine engines. 

The following resolutions were duly passed during the meeting:

AS SPECIAL RESOLUTIONS

  • 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).
  • That in accordance with the provisions of the Company’s Constitution, the liquidator be and is 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

  • That Mr. Mitani Masatoshi of 10 Anson Road #14-06 International Plaza Singapore 079903 be appointed liquidator of the Company for the purpose of such winding up and that the remuneration of the liquidator be based on his normal scale rates for carrying out the assignment plus disbursements and that the Liquidator’s fees be paid out of the assets of the Company.
  • That the liquidator be authorised to exercise any of the powers provided by Section 144 of the Insolvency, Restructuring and Dissolution Act 2018 (Act 40 of 2018) and that the said liquidator be indemnified by the Company against all costs, charges, and expenses incurred or sustained by him in the execution and discharge of his duties in relation thereto.

Another notice was published by liquidator of the company stating that the company is being wound up voluntarily and urged for creditors to send in their details.

Creditors of the company are required, on or before 8 October 2025 to send in their names, and addresses, with particulars of their debts and claims, and the names and addresses of their solicitors (if any) to the liquidator of the company. 

If required, creditors are to come in and prove their debts or claims or in default will be excluded from the benefit of any distribution made before such proof.

 

Photo credit: Drew Beamer
Published: 9 September, 2025

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