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Singapore: Ocean Tankers Tuas Terminal to undergo voluntary wind up

26 Nov 2020

A notice in the Government Gazette was published by Ocean Tankers Tuas Terminal on Wednesday (25 November), regarding some resolutions that were passed in relation to restructuring of the company.

The resolutions were passed during an Extraordinary General Meeting of the company held on Friday, 20 November.

The published list of Special Resolutions are as follows:

  1. That the Company be wound up voluntarily.
  2. That the Liquidators of the Company be and are hereby authorised to exercise any or all of the powers given by Section 144(1)(b), (c), (d), (e), (f) and (g) of the Insolvency, Restructuring and Dissolution Act 2018.
  3. That the Liquidators be authorised to distribute either in cash or in specie to the contributories any part or all of the surplus assets of the Company.
  4. That the appointment of Mr. Abuthahir Abdul Gafoor and Ms. Yessica Budiman of 105 Cecil Street, #22-00 The Octagon, Singapore 069534 as joint and several Liquidators of the Company for the purposes of such winding up be and is hereby approved.

Note: Creditors of the company may contact the liquidators to file their claims by writing in to the abovementioned address or sending an email to kishore@aag-ca.com.


Photo credit: drew-beamer
Published: 26 November, 2020

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