Singapore: Notice of intended dividend announced for Brightoil bunker tanker SPVs

Acres Advisory Private Limited, the liquidator of several special purpose vehicles (SPVs) ultimately under Brightoil Petroleum (Holdings) Limited, has issued a notice of intended dividend at the Government Gazette on Thursday (17 February).

The development affects Brightoil 319 Oil Tanker Pte. Ltd., Brightoil 329 Oil Tanker Pte. Ltd., Brightoil 639 Oil Tanker Pte. Ltd., Brightoil 666 Oil Tanker Pte. Ltd., and Brightoil 688 Oil Tanker Pte. Ltd.

Creditors are to produce proofs of debt to liquidators Acres Advisory Private Limited by 25 February 2022.

Contact details of the liquidator are as follows:

Tee Wey Lih
c/o Acres Advisory Private Limited
531A Upper Cross Street
#03-128 Hong Lim Complex
Singapore 051531

A complete coverage of the events leading to the current development is as follows:

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Related: Singapore: Players to get fuel oil cargoes back from Brightoil bunker tankers
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Related: Singapore: Brightoil bunker creditor list growing with new firms
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Related: Brightoil signals return to the shipping sector, starts reorganisation of debt
Related: Singapore: Brightoil bunker tanker fleet placed under Sheriff’s arrest
Related: Singapore: Toyota Tsusho Corporation seeking $21 million from Brightoil
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Photo credit: Manifold Times
Published: 18 February, 2022