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Hin Leong judicial managers to hold meeting of creditors to discuss fees incurred

According to the notice in the Government Gazette, the meeting will be held electronically on 13 January 2021 at 3.00pm pursuant to COVID-19 safety measures.
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5 years ago

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A notice was published in the Government Gazette on Monday (4 January) regarding a meeting of creditors by the Judicial Managers of Hin Leong Trading Pte Ltd. 

According to the notice, the creditors meeting will be held by electronic means on Wednesday, 13 January 2021 at 3.00pm pursuant to COVID-19 safety measures.

The agenda for the meeting is as follows: 

  • To update on the status of the judicial management;
  • To approve the fees incurred by the Interim Judicial Managers and their solicitors during the interim judicial management period details of which are set out in the 2nd Affidavit of Goh Thien Phong filed on 18 September 2020 in HC/OS 417/2020 exhibiting the Judicial Managers’ costs schedule, and to authorise the payment of such fees and reasonably incurred disbursements out of the assets of the Company, subject to the approval of the Court;
  • To approve the fees incurred and likely to be incurred by the Judicial Managers and their solicitors during the judicial management period up till the end of the current judicial management (i.e. 3 February 2021) details of which are set out in the 2nd Affidavit of Goh Thien Phong filed on 18 September 2020 in HC/OS 417/2020 exhibiting the Judicial Managers’ costs schedule, and to authorise the payment of such fees and reasonably incurred disbursements out of the assets of the Company, subject to the approval of the Court;
  • Any other business.

Additional details on the meeting are as follows:

  • The meeting will be conducted electronically via Webex and voting at the meeting will be conducted using Webex’s polling function. Further details of the alternative arrangements relating to attendance and voting at the meeting via electronic means (including the arrangements by which the meeting can be electronically accessed via live audio-visual webcast, e.g. meeting ID and password details as well as the link to access the live audio-visual webcast), will be sent by email to the email addresses specified in Form A subject to receipt and verification by the Judicial Managers of the proxy form and Form A.
  • Forms of general and special proxies and Form A have been dispatched. Proxy forms and Form A must be lodged with the Judicial Managers by no later than Tuesday, 12 January 2021, 5.00pm (SG time) by post to Hin Leong Trading (Pte) Ltd (Under Judicial Management) c/o PricewaterhouseCoopers Advisory Services Pte Ltd, 7 Straits View, Marina One, East Tower Level 12, Singapore 018936 or by email to [email protected].
  •  Creditors may send any questions or other relevant matters that the creditors wish to raise at the meeting by way of email to the email address above by Friday, 8 January 2021, 5.00pm (SG time).
  • To be entitled to vote at the meeting, creditors must lodge a proof of debt with the Judicial Managers, if not previously lodged, by post or by email to above stated addresses by no later than Friday, 8 January 2021, 5:00pm (SG time).

Related: Hin Leong judicial managers and legal firms could rack up SGD 17.3 million in fees
Related: Bank of China takes legal action against BP Plc and Lim family to recover $312.9 million
Related: Hin Leong Trading founder denies allegations of forgery put forward by HSBC
Related: HSBC takes Lim family and Hin Leong employee to court to recover USD 85.3 million


Photo credit: Peter-Nguyen
Published: 5 January, 2021

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Winding up

Singapore: Nan Shan Maritime liquidator issues notice of intended dividend

Creditors will need to produce proofs of debt to liquidator of Nan Shan Maritime by 14 July, according to Government Gazette notice.
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2 days ago

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July 1, 2026

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A notice to declare intended dividend of Nan Shan Maritime Pte Ltd to its creditors has been posted on the Government Gazette on Tuesday (30 June).

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

Name of Company : Nan Shan Maritime (Pte.) Ltd. (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 201701967H
Address of Registered Office : 10 Anson Road, #10-10, International Plaza, Singapore 079903
Last Day for Receiving Proofs : 14 July 2026
Name of Liquidator : Tam Chee Chong
Address : c/o 10 Anson Road, #10-10, International Plaza, Singapore 079903

 

Photo credit: steve pb from Pixabay
Published: 1 July, 2026

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Winding up

Singapore: Kekal Shipping Pte Ltd to undergo voluntary wind up

A liquidator has been appointed at an extraordinary general meeting held on 18 June for the purpose of winding up the company’s affair, according to Government Gazette notice.
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Published

3 days ago

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June 30, 2026

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A notice in the Government Gazette was published by the Director of Kekal Shipping Pte Ltd on Friday (26 June), regarding resolutions that were passed in relation to the winding up of the company.

The following resolutions were duly passed during an an Extraordinary General Meeting of the company, which was held at 1 Harbourfront Avenue, #14-07 Keppel Bay Tower, Singapore 098632 on 18 June at 10am:

SPECIAL RESOLUTION

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

ORDINARY RESOLUTION

RESOLVED that Ms Lee Yan Huei of Messrs Acclime Corporate Advisory Singapore Pte. Ltd. be appointed liquidator of the Company for the purpose of such winding up

 

Photo credit: Jo_Johnston from Pixabay
Published: 30 June, 2026

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Winding up

Singapore: Heng Tong Fuels & Shipping Pte Ltd to be wound up voluntarily

Nicholas James Gronow, director of the Singapore-based bunker tanker owner, filed a statutory declaration last year for the company, stating the firm cannot continue their businesses due to its liabilities.
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Published

4 days ago

on

June 29, 2026

By

Resized benjamin child

Several written resolutions for Singapore-based bunker tanker owner Heng Tong Fuels & Shipping Pte Ltd (HTFS) were approved by the sole shareholder of the company on 19 June, according to a post in the Government Gazette on Friday (26 June).

Manifold Times previously reported a director of HTFS filing a statutory declaration (SD) with the Official Receiver’s office stating that the company cannot continue its business due to its liabilities.

The company was reportedly affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd. 

The duly passed resolutions were:

SPECIAL RESOLUTIONS:

  • That the Company be wound up voluntarily pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018 (No. 40 of 2018).
  • 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) and 144(2) of the Insolvency, Restructuring and Dissolution Act 2018 (No. 40 of 2018).
  • That the Liquidators be and are hereby authorised to distribute in cash or in specie any or all of the assets of the Company remaining after satisfaction of all debts and liabilities.

ORDINARY RESOLUTIONS:

  • That Mr. Wong Pheng Cheong Martin and Ms. Koay May Yee, both care of FTI Consulting (Singapore) Pte. Ltd., One Raffles Quay #27-10 South Tower Singapore 048583 be and are hereby appointed the joint and several Liquidators of the Company for the purpose of such winding up and that the Liquidators be indemnified by the Company against all costs, charges, losses, expenses and liabilities incurred or sustained by them in the execution and discharge of their duties in relation thereto.
  • That the remuneration of the Liquidators be based on their normal scale rates for carrying out the engagement plus disbursements and the prevailing goods-and-services tax and that the Liquidators’ remuneration be paid out of the assets of the Company.

In another notice, the liquidators of Heng Tong Fuels & Shipping said creditors for the company are required on or before the 27 July to send in their names and addresses and particulars of their debts or claims, and the names and addresses of their solicitors (if any) to the liquidators. 

Liquidators may also require creditors to, “come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.”

The liquidators can be contacted at the following address:

WONG PHENG CHEONG MARTIN
KOAY MAY YEE
JOINT AND SEVERAL LIQUIDATORS
of FTI Consulting (Singapore) Pte. Ltd.
One Raffles Quay
#27-10 South Tower
Singapore 048583

Related: Singapore: Director declares Heng Tong Fuels & Shipping’s inability to continue business
Related: Heng Tong Fuels & Shipping in court over DBS Bank bunker tanker loan
Related: Singapore: Bunker tanker “Coastal Neptune” arrested
Related: Heng Tong Fuels & Shipping, Coastal Logistics tankers enter S&P market

 

Photo credit: Benjamin child
Published: 29 June, 2026

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