Several notices were published in the Government Gazette on Friday (30 October) regarding the voluntary liquidation of Xihe Capital Pte Ltd and some of its subsidiaries along with a Lim family related single purpose company Nan Guang Maritime Pte Ltd.
Xihe Capital Pte Ltd and its subsidiaries are owned by the Lim family, who are also the owners of the embattled Hin Leong Trading.
Lim Chee Meng, Director of Xihe Capital, announced Hong Pian Tee would be appointed liquidator of the company for the winding up process, as agreed by its members in an Extraordinary General Meeting held on Thursday, 22 October at 21 Bukit Batok Crescent #22-70 WCEGA Tower Singapore 658065.
Notices containing the same information were also published for the following Xihe Capital subsidiaries:
Lim Chee Meng also published the same notice for Nan Guang Maritime Pte Ltd, a single purpose company owned by Lim family.
Hong Pian Tee, the appointed liquidator then published a notice to creditors in relation to the voluntary winding up process by the above-named companies:
Creditors are required on or before Monday (30 November 2020) to send or email their names and addresses and the particulars of their debts or claims and the names and addresses of their solicitors (if any) to the undermentioned Liquidator, Hong Pian Tee at c/o 21 Bukit Batok Crescent #22-70 WCEGA Tower Singapore 658065 or email@example.com and if so required are to come in and prove their debts or claims as shall be specified or in default will be excluded from the benefit of any distribution made before such proof.
Photo credit: Xihe Group
Published: 2 November, 2020
‘We need to keep in mind the saying “penny wise pound foolish”,’ says Captain Rahul Choudhuri, the Managing Director AMEA at VPS, who stresses on the essential role of the Bunker Surveyor.
Legal representatives met at the High Court on Tuesday to discuss the discharge of KPMG liquidators from all liability in respect of conduct in the course of winding up, show court documents.
Global sentence adjusts to 80 month’s imprisonment term for both Chang and Koh under application of the Masui sentencing framework; fine of SGD 6.2 million against Chang remains unchanged.
Company has been ranked EIGHTH for 2020; ‘we are humbled and proud to be placed amongst the top ten winners of the Enterprise 50 Awards,’ says Satnam Singh, COO, Sing Fuels.
Mads Bjornebye, Manager of Bunker Services at Teekay Tankers Ltd, shares about the company’s perspective of e-BDNs, bunker purchasing & planning tools, while offering his thoughts on future marine fuels.
Maritime sector may find it increasingly challenging to manage bunker prices, Dennis Ho, Managing Director at ElbOil Singapore tells Singapore bunkering publication Manifold Times.