Two notices were published in the Government Gazette on Wednesday (1 June) regarding two Xihe Holdings subsidiaries which are currently in creditors’ voluntary liquidation.
Notices of resolution were given on the following companies:
The following are the resolutions that have been passed by written means on 23 May 2022:
1. SPECIAL RESOLUTION – WINDING-UP
That the Company be wound up pursuant to section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act (Act 40 of 2018).
2. ORDINARY RESOLUTION – APPOINTMENT OF LIQUIDATORS
That Paresh Tribhovan Jotangia and Ho May Kee of Grant Thornton Singapore Private Limited c/o 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960 be appointed as joint and several liquidators of the Company for the purpose of the winding-up.
3. ORDINARY RESOLUTION – JUDICIAL MANAGERS’ REMUNERATION AND EXPENSES
The remuneration and expenses of Seshadri Rajagopalan and Paresh Tribhovan Jotangia of Grant Thornton Singapore Private Limited c/o 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960 appointed as judicial managers on 21 December 2020 (including fees of professionals engaged by the judicial managers), before their cessation as judicial managers, be charged as an expense of the winding-up commenced pursuant to section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act (Act 40 of 2018) in accordance with the resolution passed on 25 April 2022.
Related: Singapore: Provisional liquidators appointed for Xin Chun Shipping, Xin Dun Shipping
Related: JMs: First creditors meeting of Xihe Holdings subsidiaries to be held in January 2021
Related: Liquidator: Da Shun Shipping Pte Ltd winding up application to be heard at High Court
Related: Singapore: High Court to hear Xihe Holdings winding up application on 24 March
Related: Xihe Holdings liquidators request scheme creditors to submit proof of debt
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Related: Judicial Managers of Xihe Holdings and subsidiaries call for first creditors meeting
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Related: Xihe Holdings placed under IJM as OCBC reverses decision for ‘consensual restructuring’
Related: Xihe replaces Directors, forms new management team to chart fresh course for Group
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Photo credit: Drew Beamer
Published: 2 June, 2022
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