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Winding up

Singapore: Liquidator issues notice of dividend for Ocean (Kamsarmax) Pte Ltd

First and final dividend will be payable from 7 December at 531A Upper Cross Street #03-128 Singapore 051531, reads notice in Government Gazette.

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RESIZED Drew Beamer

A notice of dividend for Ocean (Kamsarmax) Pte Ltd, that is being wound up voluntarily, was published on the Government Gazette on Friday (8 December).

The following is the details of the notice:

Name of Company : Ocean (Kamsarmax) Pte Ltd (In Liquidation)
Unique Entity No. : 200604198C
Address : 531A Upper Cross Street #03-128 Singapore 051531
Amount per centum : 18 per centum of all admitted unsecured claims
Dividend Type : First and Final Dividend
When payable : 7 December 2023
Dated : 8 December 2023

Related: Singapore: Ocean (Kamsarmax) Pte Ltd to be wound up voluntarily
Related: Singapore: Creditors’ meeting scheduled for Ocean (Kamsarmax) Pte. Ltd.

Photo credit: Drew Beamer
Published: 12 December, 2023

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Winding up

Singapore: Final meetings scheduled for An Ping Shipping and related companies

Other companies involved are Da Wei Shipping, Da Kang Shipping, Da Jiang Shipping, Da Hua Shipping, Xin Jiang Shipping and Xin Rong Shipping.

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The final meetings of An Ping Shipping Pte Ltd and related companies have been scheduled to take place on 15 July, according to the company’s liquidator on a notice posted on Friday (14 June) on the Government Gazette.

The meetings will be held at 10 Anson Road, #10-10 International Plaza, Singapore 079903 on 15 July 2024.

The following are the list of the companies involved and timings of the meetings: 

Singapore: Final meetings scheduled for An Ping Shipping and related companies

The meetings are being 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 respective company disposed of and of hearing any explanation that may be given by the Liquidators.

The following are details of the joint liquidators:

Tam Chee Chong
Liquidator
c/o 10 Anson Road
#10-10 International Plaza
Singapore 079903#05-01 Parkview Square
Singapore 188778

Note: A Member or Creditor of the Companies may vote either in person or by proxy. To be valid, proxies to be used at the Final Meeting must be lodged with the Liquidator’s office at least 48 hours before the meeting via email to [email protected].

 

Photo credit: Jo_Johnston from Pixabay
Published: 19 June, 2024

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Winding up

Singapore: Nan Shan Maritime liquidator issues notice of intended dividend

Creditors will need to produce proofs of debt to liquidator of Nan Shan Maritime by 24 June, according to Government Gazette notice.

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A notice to declare intended dividend of Nan Shan Maritime Pte Ltd to its creditors has been posted on the Government Gazette on Monday (10 June).

The following are the details of the notice of intended dividend:

Name of Company : NAN SHAN MARITIME (PTE.) LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION)

Unique Entity No. / Registration No. : 201701967H

Address of Registered Office : 10 ANSON ROAD, #10-10, INTERNATIONAL PLAZA, SINGAPORE 079903

Last Day for Receiving Proofs : 24 JUNE 2024

Name of Liquidator : TAM CHEE CHONG

Address : c/o 10 ANSON ROAD, #10-10,INTERNATIONAL PLAZA, SINGAPORE 079903

Manifold Times previously reported Nan Shan Maritime and related companies can no longer continue its business due to its liabilities and proceeded to summon a creditors’ meeting within a month of the declaration.

Related: Singapore: Nan Shan Maritime Pte Ltd to be wound up; liquidator calls for creditors meeting

 

Photo credit: steve pb from Pixabay
Published: 12 June 2024

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Bunker Fuel

Creditors to file proof of debt for Singapore’s collapsed oil firm Hin Leong Trading

Creditors who have not previously filed a proof of debt with the Liquidators in respect of their debts are to file their proof of debt with liquidators by 6 June 2024.

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A notice in the Government Gazette was published on Thursday (23 May) by liquidators of Singapore-based defunct oil trading company Hin Leong Trading, which is undergoing compulsory liquidation,  for creditors to file proof of debt against the company.

Creditors who have not previously filed a proof of debt with the Liquidators in respect of their debts are to file their proof of debt with the Liquidators in the prescribed form (Form CWU-1) by 6 June 2024 (the Submission Deadline).

Creditors who do not file a proof of debt by the Submission Deadline will be excluded from the aforementioned interim dividend.

For the avoidance of doubt, creditors who had previously filed a proof of debt with the Liquidators shall not be required to re-file their proof of debt.

Proofs of debt may be submitted to the Liquidators by way of e-mail or by mail at the following address:

Hin Leong Trading (Pte.) Ltd (In Compulsory Liquidation)
c/o the Liquidators
7 Straits View, Marina One
East Tower, Level 12
Singapore 018936
Email: [email protected] 

Any queries in relation to and/or arising out of this Notice should be directed to the liquidators by way of email at [email protected]

Manifold Times previously reported Founder of Hin Leong Trading, Lim Oon Kuin, also known as OK Lim, was convicted on two charges of cheating and one charge of instigating forgery for the purpose of cheating after a trial of over 60 days.

The 82-year-old was first charged in court on 14 August 2020, and was subsequently handed further charges in court on 25 September 2020, 30 April 2021 and 24 June 2021 for his role in perpetuating fraud on various financial institutions. 

These three charges concern two fraudulent discounting applications made by Hin Leong to the Hongkong and Shanghai Banking Corporation Limited (HSBC), pursuant to which HSBC disbursed a total of USD 111,683,939 to Hin Leong. The rest of the charges were stood down pending resolution of the trial.

An extensive coverage by Singapore bunkering publication Manifold Times regarding the fall of Hin Leong can be found below:

Related: Singapore: Lawyers of OK Lim and daughter accuse former PA of lying in her testimony
Related: Former PA to Hin Leong Trading Founder refutes OK Lim’s claim on his role in firm
Related: Founder OK Lim grilled by prosecutors on his involvement at Hin Leong Trading
Related: Singapore: Hin Leong Trading Founder testifies for the first time in his own defence
Related: Singapore: Hin Leong Trading Founder to testify in USD 111.7 mil cheating, forgery case
Related: Singapore: O.K. Lim, children faces liquidators and HSBC in USD 3.5 bil civil lawsuit
Related: Former PA to Hin Leong Trading Founder found lying in CAD investigations
Related: Singapore: Hin Leong Trading Founder goes to trial for cheating, forgery charges
Related: Hin Leong Trading Founder faces additional 105 cheating, forgery charges in court
Related: Ocean Tankers judicial managers progressing to liquidate firm after expiry of court order
Related: Singapore: Hin Leong Trading Director charged with obstructing course of justice
Related: Court of Appeal: Hin Leong, Lim family claim ‘without any factual or legal basis’
Related: Singapore: High Court dismisses UniCredit Bank USD 37 million claim against Glencore over Hin Leong transaction
Related: Singapore: Hin Leong takes Deloitte to court over alleged auditing failures
Related: Hin Leong Trading Founder OK Lim facing 23 new forgery-related charges at State Courts
Related: Application to wind up Hin Leong Trading subsidiary, Hin Leong Marine approved
Related: Singapore High Court approves Hin Leong Trading wind up order application
Related: Hin Leong Trading liquidates a third of its fleet to recover USD 3.5 billion debt
Related: Lim family aims to wind up Hin Leong Trading subsidiary, Hin Leong Marine
Related: Judicial Managers of Hin Leong Trading Pte Ltd file for winding up order
Related: Hin Leong judicial managers to hold meeting of creditors to discuss fees incurred
Related: Lim family files application to wind up Hin Leong Trading subsidiary, Hin Leong Marine
Related: First creditors meeting of Ocean Tankers to be held in early January 2021
Related: Bank of China takes legal action against BP Plc and Lim family to recover $312.9 million
Related: OBS to wind up operations; creditor list alleges estimated USD 42 million debt
Related: Ocean Tankers publishes notice for creditors to prove any debts or claims for publication
Related: Hin Leong Trading founder denies allegations of forgery put forward by HSBC
Related: Singapore: Xihe Holdings and subsidiaries to be placed under judicial management
Related: HSBC takes Lim family and Hin Leong employee to court to recover USD 85.3 million
Related: Da An Shipping Pte Ltd passes winding-up resolution and publishes notice to creditors
Related: Xihe Capital and subsidiaries, Nan Guang Maritime to undergo voluntary liquidation
Related: MPA: Ocean Bunkering Services licenses suspended ‘until further notice’ and not revoked
Related: Ocean Bunkering Services bunker claims against ASL Marine & Offshore heads to arbitration
Related: Ocean Tankers to return most ships to owners to reduce $540,000 a day cash burn
Related: Singapore: Ocean Bunkering Services license suspended until further notice
Related: PwC publishes ‘investment opportunity’ for Singapore independent bunker fuel supplier
Related: Hin Leong founder O.K. Lim hit with second charge of abatement in forgery
Related: Hin Leong judicial managers and legal firms could rack up SGD 17.3 million in fees
Related: Winson Group wins ICC backing in dispute against banks over credit for Hin Leong Trading
Related: O.K. Lim and two children sued for USD 3.5billion; receiver appointed for 3 Xihe ships
Related: Managers of Ocean Tankers looking to recover USD 19 million from Lim family
Related: Argus Media: Singapore’s Hin Leong founder charged with forgery
Related: Xihe Holdings placed under IJM as OCBC reverses decision for ‘consensual restructuring’
Related: Xihe replaces Directors, forms new management team to chart fresh course for Group
Related: Hin Leong Trading lawyers publish application to fulfill requirements for hearing to proceed
Related: Ocean Tankers legal team publishes application to be placed under judicial management
Related: Judicial management applications for Hin Leong Trading and Ocean Tankers delayed
Related: Lim family to inhibit law firm Rajah & Tann from representing troubled HLT & OTPL
Related: OCBC files for Xihe Holdings to be placed under judicial management
Related: Judicial managers of Ocean Tankers discover discrepancies and fraud in exposure claims
Related: Judicial managers of Ocean Tankers to present restructuring proposals to owners
Related: PwC probes uncover mass grave of financial skeletons and alleged fraud within HLT
Related: Winson Group seeks SGD 30.4 million from Standard Chartered over HLT related trade
Related: Winson Group seeks SGD 30.4 million from OCBC over credit pull in Hin Leong trade
Related: Ocean Tankers: Notice to prove debt or claim published by interim judicial managers
Related: ‘Reasonable prospects’ to keep Ocean Tankers as a going concern, states Director
Related: Singapore: Ocean Tankers, a separate entity of Hin Leong, seeking judicial management
Related: Singapore High Court concedes interim judicial management to Hin Leong Trading
Related: Sembcorp commences legal proceedings against Hin Leong Trading over gasoil cargo
Related: Sembcorp Cogen aborts gasoil supply and storage contract with Hin Leong Trading
Related: Report: Sinopec expresses interest in Hin Leong Trading stake of Universal Terminal
Related: Report: Hin Leong Trading appoints PwC as interim judicial manager
Related: Singapore’s Police Force commence investigations into Hin Leong Trading
Related: Report: Hin Leong Trading founder gave instructions to hide USD 800 million losses
Related: Singapore: Ocean Bunkering Services to discontinue marine fuel deliveries
Related: Hin Leong in debt restructuring exercise; Ocean Tankers a separate entity, says CEO
Related: Report: Hin Leong Trading finances under scrutiny, amid credit pull from two banks

 

Photo credit: steve pb from Pixabay
Published: 28 May 2024

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