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Singapore: Notice of intended dividend announced for Southernpec (Singapore) Shipping Pte Ltd

23 May 2022

Two notices were published in the Government Gazette on Friday (20 May) regarding the winding up process of marine fuel supplier Southernpec (Singapore) Pte Ltd’s (SSPL) sister firm Southernpec (Singapore) Shipping Pte Ltd (SPSPL). 

In the first notice, SPSPL’s liquidator Wong Joo Wan issued a notice of intended dividend. 

Creditors are to produce proofs of debt to the liquidator by 6 June 2022.

Contact details of the liquidator are as follows:

c/o Alternative Advisors Pte Ltd
1 Commonwealth Lane
#06-21 One Commonwealth
Singapore 149544

In the second notice, Wong scheduled a meeting of creditors for SPSPL via video conferencing (Zoom platform) on 31 May 2022 at 4.00 p.m. for the following purposes: 

Agenda

  1. To receive an update on the status of the Company’s liquidation;
  2. To consider and if thought fit, to authorise the Liquidator to compromise debts due to the Company;
  3. To consider and if thought fit, to appoint a Committee of Inspection; and
  4. To consider any other matters which may properly be brought before the meeting.

A creditor may appoint a proxy to attend and vote instead of him and that proxy need not himself be a creditor. 

The instrument appointing the proxy must be deposited at the above office not later than 4.00 p.m. on the day before the meeting.

To entitle creditors to attend and vote there at, Proof of Debt and the supporting documents must be lodged with the Liquidator’s office at Alternative Advisors Pte Ltd, 1 Commonwealth Lane, #06-21 One Commonwealth, Singapore 149544 or via email to [email protected] and [email protected] not later than 4.00 p.m. on the day before the meeting.

Details of the above meeting will be circulated to creditors who have lodged the relevant proxy forms, instrument appointing the proxy and Proof of Debt by the stipulated deadline.

Related: Court grants winding up order against Southernpec (Singapore) firms
Related: Goodwood Associates to commence wind up of Southernpec (Singapore) firms
Related: USD $1.49 million bunker credit sleeving dispute between Goodwood and Southernpec reaches conclusion

 

Photo credit: Benjamin-child
Published: 23 May, 2022

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