Singapore-based Xihe Investment held an Extraordinary General Meeting at its office on 23 April and it was resolved during the meeting that the company will be wound up voluntarily, according to its post on the Government Gazette on Monday (3 May).
“In accordance with the provisions of the Company’s Constitution, the Liquidators be and are hereby authorised to distribute in specie all or any part of the assets of the Company remaining after satisfaction of all debts and liabilities,” it states.
Creditors are required on or before the 4th day of June 2021, to send in their names and addresses, with particulars of their debts or claims and the names and addresses of their solicitors (if any) to Xihe Investment’s appointed liquidators.
Messrs Goh Thien Phong and Chan Kheng Tek, c/o 7 Straits View Marina One East Tower Level 12 Singapore 018936, have been appointed as liquidators of the company.
Related: Xihe Holdings subsidiary Xin Bo Shipping placed under judicial management
Related: Petition to place Xihe Capital subsidiaries under judicial management approved
Related: Xihe Holdings files for judicial management and winding up of Xihe Capital subsidiaries
Related: JMs: First creditors meeting of Xihe Holdings subsidiaries to be held in January 2021
Related: Judicial Managers of Xihe Holdings and subsidiaries call for first creditors meeting
Related: JMs of An Guang Shipping and other Xihe subsidiaries call for creditors meeting
Related: Singapore: Additional Xihe Holdings subsidiaries to be placed under judicial management
Related: Singapore: Xihe Holdings and subsidiaries to be placed under judicial management
Related: Xihe Capital and subsidiaries, Nan Guang Maritime to undergo voluntary liquidation
Related: Singapore court to consider judicial management of Xihe Holdings and subsidiaries
Related: Xihe Holdings supervisor to place seven tankers for sale in an attempt to repay creditors
Related: O.K. Lim and two children sued for USD 3.5billion; receiver appointed for 3 Xihe ships
Related: Xihe Holdings placed under IJM as OCBC reverses decision for ‘consensual restructuring
Related: Xihe Group appoints V.Group as technical manager for 16 of its tankers
Related: Xihe replaces Directors, forms new management team to chart fresh course for Group
Related: Xihe creditors adjourn court proceedings in favour of consensual restructuring
Related: OCBC files for Xihe Holdings to be placed under judicial management
Photo credit: Benjamin Child
Published: 4 May, 2021
Significant uptick in the number of quality claims being alleged by ship owners has also been seen since the implementation of contactless bunkering operations, notes Partner at Rajah & Tann.
‘The launch of our company website signifies the readiness of Singfar to engage with relevant stakeholders to achieve our mission of enabling sustainable trade,’ Managing Director tells Manifold Times.
Associate Director at Helmsman highlights the need to stay up-to-date with latest protocols / measures introduced by MPA, with continuous education of Master and crew of the visiting vessel.
BunkerPlanner Lite is an attempt to educate professionals engaged in bunker decisions about the use of advanced technology in the decision process, explains BunkerMetric CEO Christian Plum.
Senior Associate at Clyde & Co offers guidance to protect shipowners and bunker tanker operators in the event opposing counterparty breaches Covid-19 protocols, resulting in Covid-19 transmission.
Having a surveyor’s watchful eye to detect illegal activities also sends a strong signal to barge and vessel crew not to undertake any intended non-compliance, states VPS Senior Sales Manager.