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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: Sasa Shipping Co Pte Ltd to be wound up voluntarily

Creditors of the company are required on or before 18 February 2025 to send in their names and address with particulars to firm’s liquidator at 60 Paya Lebar Road, #04-51, Paya Lebar Square, Singapore 409051.

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Several resolutions for Sasa Shipping Co Pte Ltd were made during an extraordinary meeting held on 15 January, according to a notice in the Government Gazette on Friday (17 January).

The meeting was held at 28 Biopolis Road, Wilmar International, Singapore 138568 at 11am.

The duly passed resolutions were:

Special Resolution

  • That the Company be wound up voluntarily pursuant to Section 160 (1)(b) of the Insolvency, Restructuring and Dissolution Act 2018. 

Ordinary Resolutions

  • That Mr. Liew Khee Soon of 60 Paya Lebar Road, #04-51, Paya Lebar Square, Singapore 409051 be and is hereby appointed as Liquidator of the Company for the purpose of such winding-up.
  • That the Liquidator be indemnified by the Company against all costs, charges, losses, expenses and liabilities incurred or sustained by him in the execution and discharge of his duties in connection with the winding-up.

In another notice, it was stated that creditors of the company are required on or before 18 February 2025 to send in their names and address with particulars (if any) to the liquidator at 60 Paya Lebar Road, #04-51, Paya Lebar Square, Singapore 409051 and if so required by notice in writing from the said Liquidator, are to come in and prove their debts or claims at such time and place as shall be specified in the notice or in default will be excluded from the benefit of any distribution made before such debts or claims are proved.

 

Photo credit: Benjamin Child
Published: 20 January, 2025

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Winding up

Singapore: Liquidator issue notice of intended dividend for Parakou Shipping

Creditors will need to produce proofs of debt to liquidator of Parakou Shipping by 24 January, according to Government Gazette notice.

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A notice to declare intended dividend of Parakou Shipping Pte Ltd to its creditors has been posted on the Government Gazette on Friday (10 January).

The following are the details of the notice of intended dividend for the first dividend:

Name of Company : Parakou Shipping Pte Ltd (In Creditors’ Voluntary Liquidation)

Address of Registered Office : c/o KordaMentha, 16 Collyer Quay, #30-01, Singapore 049318

Last Day of Receiving Proofs : 24 January 2025 (if not already lodged)

Name of Liquidator : Cameron Duncan

Address : c/o KordaMentha, 16 Collyer Quay, #30-01, Singapore 049318

 

Photo credit: steve pb from Pixabay
Published: 13 January, 2025

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Winding up

Singapore: Beluga Shipping and related companies to undergo members’ voluntary liquidation

Other companies that will undergo the liquidation process are Ibis Pacific Shipping, Mahuta Shipping, Orca Shipping, Petronia Pacific, Pulas Shipping and Sawara Shipping, according to a Government Gazette notice.

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Singapore-based Beluga Shipping Pte Ltd and its related companies will undergo members' voluntary liquidation following an Extraordinary General Meeting on 30 December, according to a Government Gazette notice published on Monday (6 January).

The other companies are:

  • Ibis Pacific Shipping Pte Ltd
  • Mahuta Shipping Pte Ltd
  • Orca Shipping Pte Ltd
  • Petronia Pacific Pte Ltd
  • Pulas Shipping Pte Ltd
  • Sawara Shipping Pte Ltd

The resolutions set out below were duly passed:

Special Resolutions

  1. That the Company be wound up as a Members’ Voluntary Liquidation pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018.
  2. That the Liquidators may divide among the contributories in specie or kind the whole or any part of the assets of the Company.
  3. That the Liquidators be authorised to exercise any or all of the powers provided under Section 144(1)(b), (c), (d), (e), (f) and (g) of the Insolvency, Restructuring and Dissolution Act 2018.

Ordinary Resolution

  1. That Goh Yeow Kiang Victor, Khor Boon Hong and Lee Yi Ying, Marie care of Baker Tilly Consultancy (Singapore) Pte Ltd, 600 North Bridge Road, #05-01 Parkview Square, Singapore 188778, be appointed joint and several Liquidators for the purpose of such liquidation.

 

Photo credit: Benjamin Child
Published: 7 January, 2025

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