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Singapore: Star Cruise Travel Service Pte Ltd to be wound up voluntarily

Alvarez & Marsal (SE Asia) Pte. Ltd. was appointed as joint and several liquidators of the company for the purpose of winding up the affairs and distributing the assets of the company.
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A notice was published in the Government Gazette on Thursday (26 May) regarding the winding up of Star Cruise Travel Service Pte Ltd.

According to the notice the following resolutions were duly passed on Wednesday, 18 May at an extraordinary general meeting:

As Special Resolutions

  1. 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 (Act 40 of 2018).
  2. That Joshua James Taylor and Chew Ee Ling of Alvarez & Marsal (SE Asia) Pte. Ltd. be appointed as joint and several liquidators of the Company for the purpose of the winding up the affairs and distributing the assets of the Company. 

Hong Kong-listed Genting Hong Kong, formerly known as Star Cruises Limited, owns the Star Cruises and luxury Dream Cruises lines which travel the Asia-Pacific, and the luxury Crystal Cruises line headquartered in Miami, Florida.

Related: Singapore: Star Cruises and other Genting Hong Kong subsidiaries undergo voluntary liquidation
Related: Singapore: Star Cruises and other Genting Hong Kong subsidiaries to undergo liquidation
Related: Peninsula Petroleum Far East seeks total USD 4.6 million from “Crystal Symphony”, Crystal Cruises, Star Cruises

 

Photo credit: Benjamin Child
Published: 27 May, 2022

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