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Winding up

Singapore: Ruchira Ships Limited winding up application to be heard on 12 January 

Application for the winding up of Marshall Islands-registered Ruchira Ships Limited was filed by United Overseas Bank Limited (UOB) on 27 October, 2023, according to notice on Government Gazette.

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RESIZED Ekaterina Bolovtsova on PEXELS

An application for the winding up of Marshall Islands-registered Ruchira Ships Limited was filed by United Overseas Bank Limited (UOB) on 27 October, according to a Friday (15 December) notice on the Government Gazette.

It noted the winding up application is directed to be heard before the Court sitting at the High Court at 2.30pm  on 12 January 2024.

Any creditor or contributory of the company desiring to support or oppose the making of an order on the winding up application may appear at the time of hearing by himself or his counsel for that purpose.

A copy of the winding up application will be furnished to any creditor or contributory of the company requiring the copy of the winding up application by the undersigned on payment of the regulated charge for the same.

The Applicant's address is 80 Raffles Place, UOB Plaza, Singapore 048624.

The Applicant's solicitors are Allen & Gledhill LLP of 1 Marina Boulevard, #28-00, One Marina Boulevard, Singapore 018989.

Note: Any person who intends to appear on the hearing of the winding up application must serve on or send by post to the abovenamed Allen & Gledhill LLP, Solicitors for the Claimant, notice in writing of his intention to do so. The notice must state the name and address of the person, or, if a firm, the name and address of the firm, and must be signed by the person, firm, or his or their solicitor (if any) and must be served, or, if posted, must be sent by post in sufficient time to reach the abovenamed not later than the 8th day of January 2024 (3 clear working days before the day appointed for the hearing of the winding up application).

According to Australian publication Countryman in August, a nine-year bareboat charter of the MV Ocean Drover could be the last clear run Wellard Limited has with the vessel after repurchasing attempts from Singapore-based Ruchira Ships proved to be unsuccessful.

Ruchira has reportedly been unable to pay back its loans to its bank, UOB, which holds the vessel title and won’t release it to Wellard, which has paid for the Drover in full with “no further expenses” anticipated.

Wellard executive chairman John Klepec reportedly said Ruchira must deliver unencumbered title to the vessel, “but has been unable to make appropriate arrangements with its bank, UOB, to provide the required discharges of mortgages registered against the Drover”.

On 5 November, Wellard, in a Australian Securities Exchange announcement, said it received a notification that UOB commenced winding up proceedings in Singapore against ship financiers, Ruchira Ships Limited.

The notification was received from Ruchira’s lawyers, who stated that they do not have any further information regarding the status of UOB’s winding up application.

As previously announced, Wellard has a long-term bareboat charter in place and the Company’s position is that the bareboat charter grants Wellard the right to continue to operate the Ocean Drover until 2032.

“Wellard will vigorously assert its legal rights in respect of the Drover. In the meantime, the vessel will continue to be operated by Wellard and offered for charter to Wellard’s customers,” the firm said. 

Photo credit: Ekaterina Bolovtsova
Published: 18 December, 2023

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Winding up

Xihe Holdings liquidators issue intended dividend notice to creditors

Creditors will need to produce proofs of debt to liquidators of the company by 8 March 2024 at 5pm, according to Government Gazette notice.

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RESIZED Drew Beamer

A notice to declare intended dividend of Xihe Holdings Pte Ltd to its creditors has been posted on Singapore’s Government Gazette on Friday (16 February). 

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

Details of the notice of intended dividend are as follows:

Name of Company : Xihe Holdings (Pte) Ltd (In Liquidation)

Unique Entity No. / Registration No. : 199002021M

Address of Registered Office : c/o Grant Thornton Singapore Private Limited 8 Marina View #40-04/05 Asia Square Tower 1 Singapore 018960

Court : High Court of Singapore

Number of Matter : HC/CWU 40/2022

Last Day for Receiving Proofs : 8 March 2024 at 5:00 pm by email to [email protected] 

Name of Liquidators : Seshadri Rajagopalan, Paresh Tribhovan Jotangia and Ho May Kee

Address : c/o Grant Thornton Singapore Private Limited, 8 Marina View #40-04/05 Asia Square Tower 1

Singapore 018960

 

Photo credit: Drew Beamer
Published: 21 February, 2024

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Winding up

Singapore: Creditors’ meetings scheduled for Dewi Sri Maritime and related firms

Meetings for Dewi Sri Maritime, Rasawulan Maritime and Gandari Navigation will be held on 27 February between 2pm to 3pm through electronic means, according to Government Gazette notices.

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calculator steve pb from Pixabay

The creditors’ meetings of Dewi Sri Maritime Pte Ltd, Rasawulan Maritime Pte Ltd and Gandari Navigation Pte Ltd have been organised to be held on 27 February, according to several notices posted on the Government Gazette on Friday (16 February).  

The meetings for creditors of the company will be held on 2pm, 3pm and 2.30pm respectively by way of electronic means. 

The purposes of the meeting are:

  • receiving a statement of the company’s affairs together with a list of creditors
  • and the estimated amounts of their claims;
  • appointing liquidator(s);
  • appointing a committee of inspection of not more than five members, if thought fit; and
  • any other business.

 

Photo credit: steve pb from Pixabay
Published: 19 February, 2024

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Winding up

Singapore: Annual general meetings set for An Hua Shipping and related firms

Annual general meetings will be held electronically between 20 February to 4 March for An Hua Shipping, An He Shipping, An Kang Shipping, An Sheng Shipping and An Ya Shipping.

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Resized benjamin child

Several notices were published on the Government Gazette on Tuesday (6 February) regarding the annual general meetings to be held electronically between 20 February to 4 March for An Hua Shipping and related companies. 

Annual general meetings for An He Shipping Pte Ltd are to be held on 20 February at the following times:

For the company: 3.00 pm
For the creditors: 4.00 pm 

Annual general meetings for An Hua Shipping Pte Ltd are to be held on 23 February at the following times:

For the company: 10.00 am
For the creditors: 11.00 am

Annual general meetings for An Kang Shipping Pte Ltd are to be held on 26 February at the following times:

For the company: 10.00 am
For the creditors: 11.00 am

Annual general meetings for An Sheng Shipping Pte Ltd are to be held on 29 February at the following times:

For the company: 10.00 am
For the creditors: 11.00 am

Annual general meetings for An Ya Shipping Pte Ltd are to be held on 4 March at the following times:

For the company: 10.00 am
For the creditors: 11.00 am

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: 7 February, 2024

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