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Singapore: New Regal Marine sued by CV Star Formula at High Court

Letter of demand was sent to New Regal Marine on 29 June 2018 claiming outstanding balance of SGD 701,900, but request was unanswered, alleges CV Star Formula.
Admin

Published

7 years ago

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Editor: The following article is related to an earlier claim by New Regal Marine Pte Ltd against Martin Chua at the High Court of the Republic of Singapore here.

Batam-based oil trading company CV Star Formula has engaged in a claim against Singapore-based vessel owner, operator and oil trading firm New Regal Marine Pte Ltd at the High Court of the Republic of Singapore in the week ended 11 August.

In June 2019, CV Star Formula filed a claim at the court seeking repayment of approximately SGD 701,900 of debt allegedly owed by New Regal Marine, according to legal documents obtained by Manifold Times.

The statement of claim contained particulars of oil products invoices allegedly made to New Regal Marine, totalling SGD 4.14 million over 24 transactions during 2014.

The term of agreement was New Regal Marine, “would make payment of the invoices in cash and upon delivery of the invoices”, it stated.

According to CV Star Formula, New Regal Marine had already made payment of approximately SGD 3.4 million, leaving an outstanding balance of SGD 701,900 to date.

It added that a letter of demand was sent to New Regal Marine earlier on 29 June 2018, asking for the outstanding balance, but the request was unanswered.

In its reply on July 2019, New Regal Marine denied any contractual dealings with CV Star Formula and claimed that it dealt directly with Martin Chua and/or David Chua as principals instead.

New Regal Marine said that it did not respond to an earlier claim made by CV Star Formula on 29 June 2018 as it allegedly had no contractual dealings with the Indonesian firm.

The Singapore company maintained its position to claim total of SGD 600,000 from Martin Chua in a separate transaction for the purchase of 1,500 metric tonnes (mt) of petrol.

Martin Chua is a director of several bunkering firms in the Republic, including Star Formula Pte Ltd.

Related: New Regal Marine sues bunker boss over alleged unpaid debt

Photo credit: Manifold Times
Published: 16 August, 2019
 

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Winding up

Singapore: Final meeting scheduled for Tiger LNG Shipping Pte Ltd

Meeting will be held on 29 June at 190 Middle Road #17-05 Fortune Centre Singapore 188979 to hear any explanation that may be given by the liquidator, according to Government Gazette notice.
Admin

Published

2 days ago

on

June 2, 2026

By

RESIZED Jo_Johnston from Pixabay

The final meeting for Tiger LNG Shipping Pte Ltd has been scheduled to take place on 29 June, according to the company’s liquidators on a notice posted on Friday (29 May) on the Government Gazette.

The meetings will be held at 10.30am at 190 Middle Road #17-05 Fortune Centre Singapore 188979. 

The meeting is being held for the purpose of having an account laid before the meeting 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 liquidator.

The following are the details of the liquidator:

LUM CHI LUP BENNY
c/o 190 Middle Road
#17-05 Fortune Centre
Singapore 188979

 

Photo credit: Jo_Johnston from Pixabay
Published: 2 June, 2026

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Winding up

Singapore: Annual general meetings scheduled for Xin Guang Shipping and An Xing Shipping

Annual general meeting of the company and creditors for An Xing Shipping and Xin Guang Shipping will be held by electronic means on 11 June and 12 June respectively.

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Published

1 week ago

on

May 28, 2026

By

Resized benjamin child

Several notices were published on the Government Gazette on Tuesday (26 May) regarding the annual general meetings of the companies and creditors to be held electronically from 5 to 6 May for Xin Guang Shipping Pte Ltd and An Xing Shipping Pte Ltd. 

Annual general meeting for Xin Guang Shipping are to be held on 12 June at the following times:

  • Annual general meeting of the Company at 2pm
  • Annual general meeting of the creditors of the Company at 3pm

Annual general meeting for An Xing Shipping are to be held on 11 June at the following times:

  • Annual general meeting of the Company at 2pm
  • Annual general meeting of the creditors of the Company at 3pm

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

 

Photo credit: Benjamin Child
Published: 28 May, 2026

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Winding up

Singapore: Notice of intended dividend issued for Xihe Capital Pte Ltd

Xihe Capital Pte Ltd and its subsidiaries are owned by the Lim family, who are also the owners of the embattled Hin Leong Trading.
Admin

Published

1 week ago

on

May 25, 2026

By

RESIZED Drew Beamer

A notice to declare the intended dividend of Xihe Capital Pte Ltd to its creditors has been posted on the Government Gazette on Wednesday (15 April).

Xihe Capital Pte Ltd and its subsidiaries are owned by the Lim family, who are also the owners of the embattled Hin Leong Trading.

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

Name of Company : XIHE CAPITAL (PTE.) LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION)

Unique Entity No. / Registration No. : 201727410K

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

Last Day for Receiving Proofs : 5 June 2026

Name of Liquidator : TAM CHEE CHONG

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

 

Photo credit: Drew Beamer
Published: 25 May, 2026

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