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Singapore: Propzy Sea Pte Ltd to undergo voluntary wind up

26 Oct 2022

An extraordinary general meeting to pass several resolutions for Propzy Sea Pte Ltd. (registration no. 201618109G)) was held via video conference on Friday (14 October), according to a 25 October notice posted on the Government Gazette.

The following resolutions were duly passed:

As Special Resolution 

That it has been proved to the satisfaction of the meeting that the Company cannot by reason of its liabilities, continue its business and accordingly the Company be wound up voluntarily pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018. 

As Ordinary Resolution 

That the appointment of Luke Anthony Furler and Hubert Jen Wei Chang c/o Quantuma (Singapore) Pte Limited of 137 Amoy Street, #02-03 Far East Square, Singapore 049965, as joint and several Liquidators of the Company for the purposes of such winding up be and is hereby approved, that their remuneration is to be based on their normal scale rates, and that their remuneration is to be paid out of the Company’s assets.


Photo credit: Drew Beamer
Published: 26 October, 2022

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