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Winding up

Singapore: Liquidators of Xihe Holdings Pte Ltd issue notice of dividend

Third interim dividend of Xihe Holdings Pte Ltd was scheduled to be released from 24 January onwards, according to Government Gazette notice.

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RESIZED Jo_Johnston from Pixabay

A notice of dividend for Xihe Holdings Pte Ltd, which is undergoing liquidation, was published on the Government Gazette on Friday (24 August). 

Xihe Holdings Pte Ltd and its subsidiaries are owned by the Lim family, who are also the owners of the Singapore-based defunct oil trading company Hin Leong Trading.

The following are the details of the notice:

Name of Company : Xihe Holdings (Pte) Ltd (In Liquidation)
Unique Entity No. / Registration No.: 199002021M
Address of Registered Office : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05, Asia Square Tower 1, Singapore 018960
Court : High Court of Singapore
Number of Matter : HC/CWU 40/2022
Amount per centum (in USD) : 1.50 cents to a dollar of admitted unsecured claims
First and Final or otherwise : Third Interim Dividend
When payable : 24 January 2025
Where payable : Entitlements will be made either by way of telegraphic transfer or by cheque, to be collected from the Company’s registered address as above

Related: Singapore: Liquidator issues notice of dividend for Xihe Holdings
Related: Creditors to file proof of debt for Singapore’s collapsed oil firm Hin Leong Trading
Related: Xihe Holdings supervisor to place seven tankers for sale in an attempt to repay creditors
Related: Xihe Holdings placed under IJM as OCBC reverses decision for ‘consensual restructuring’
Related: Xihe Capital and subsidiaries, Nan Guang Maritime to undergo voluntary liquidation
Related: Xihe replaces Directors, forms new management team to chart fresh course for Group

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

 

Photo credit: Jo_Johnston from Pixabay
Published: 27 January, 2025

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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.

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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.

Related: Singapore: Flores Shipping and related companies to undergo members’ voluntary liquidation

 

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

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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.

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RESIZED Drew Beamer

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.

Related: Singapore: Additional Xihe Holdings subsidiaries to be placed under judicial management
Related: JMs: First creditors meeting of Xihe Holdings subsidiaries to be held in January 2021

 

Photo credit: Drew Beamer
Published: 13 March, 2025

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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.

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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.  

Related: Singapore: Ruchira Ships Limited winding up application to be heard on 12 January
Related: Singapore: High Court issues winding up order to Ruchira Ships Limited

 

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

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