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New Silkroutes under investigation over possible breach of Securities and Futures Act

The firm will be cooperating with CAD and MAS to assist the investigation, and its operations have not been affected and will continue as usual, says spokesman.

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New Silkroutes Group Ltd, a Singapore investment holding company focused on healthcare and energy, announced on Friday (25 September) that it has received a notice dated Thursday, 24 September 2020 from the Commercial Affairs Department (CAD) and the Monetary Authority of Singapore (MAS) requiring New Silkroutes to provide certain information and documents in relation to an investigation by the CAD into a possible offence under the Securities and Futures Act (Chapter 289) of Singapore. 

“One of the Directors of the Company and certain senior management and former management are also assisting the CAD in the said investigation,” said Dr Goh Jin Hian, the Chief Executive and Executive Director of New Silkroutes.

New Silkroutes said it will be providing its full cooperation with CAD and MAS to assist the said investigation, and its operations have not been affected and will continue as usual.

In a separate SGX filing, Teho International Inc announced that Kelvyn Oo, an Independent Director at Teho, and former Executive director and Chief Corporate Officer at New Silkroutes will be assisting the CAD in the investigation. 


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Published: 28 September, 2020

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Winding up

Singapore: Liquidators of East Marine Pte Ltd issues notice of annual meeting

Annual meeting of the company and its creditors will be held at 8 Wilkie Road, #03-08 Wilkie Edge, Singapore 228095 via audio-visual conference on 20 August at 11am.

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A notice of annual meeting was issued by liquidators of East Marine Pte Ltd, which is in creditor’s voluntary liquidation, on the Government Gazette on Friday (7 August). 

According to the notice, the annual meeting of the company and its creditors will be held at 8 Wilkie Road, #03-08 Wilkie Edge, Singapore 228095 via audio-visual conference on 20 August at 11am.  

The purpose of the meeting is to have an account laid before the meeting showing the acts and dealings of the liquidators and the conduct of the winding up in the preceding year.

The following are the details of the liquidators:

Ng Kian Kiat
Yap Hui Li
Liquidators
c/o 8 Wilkie Road
#03-08 Wilkie Edge
Singapore 228095

 

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Published: 12 August, 2026

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Winding up

Singapore: Annual and final meetings to be held for Asia-Pacific Shipyard Pte Ltd

Annual meeting and the final meeting of the company and its creditors will be held at 8 Wilkie Road, #03-08 Wilkie Edge, Singapore 228095 via audio-visual conference on 9 September.

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RESIZED Drew Beamer

A notice of annual meeting and final meeting was issued by liquidators of Asia-Pacific Shipyard Pte Ltd, which is in creditor’s voluntary liquidation, on the Government Gazette on Friday (7 August). 

According to the notice, the annual meeting and the final meeting of the company and its creditors will be held at 8 Wilkie Road, #03-08 Wilkie Edge, Singapore 228095 via audio-visual conference on 9 September.

The annual meeting will be held at 2pm while the final meeting will be held at 3pm. 

The purpose of the meeting is to have an account laid before the meeting showing the acts and dealings of the liquidators and the conduct of the winding up in the preceding year and the manner in which the winding up has been conducted and the property of the company has been disposed of and hearing any explanation that may be given by the liquidators.

The following are the details of the liquidators:

Ng Kian Kiat
Yap Hui Li
Liquidators
c/o 8 Wilkie Road
#03-08 Wilkie Edge
Singapore 228095

 

Photo credit: Drew Beamer
Published: 12 August, 2026

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Sanctions

Reed Smith relocates sanctions partner Alex Brandt from London to Singapore

Brandt’s relocation to the city-state is a direct response to increased client demand for sanctions advice in Asia, says law firm.

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Reed Smith relocates sanctions partner Alex Brandt from London to Singapore

Global law firm Reed Smith on Tuesday (11 August) announced the relocation of global shipping and sanctions partner Alex Brandt from London to Singapore.

Brandt advises insurers, owners, charterers, brokers, and traders on all aspects of sanctions-related challenges, providing analysis of applicable legislation, assistance with due diligence work, and training.

He has extensive experience of U.S. and UK government investigations, disclosures, and enforcement actions and has been centrally involved in many of the most high-profile designations, seizures, and enforcement actions brought against members of the international shipping community.

Brandt also has wide-ranging experience drafting protective language for transportation, trade and financing contracts, and has worked with major lenders and other organisations to develop best-in-class compliance programmes. He also has sat on a number of BIMCO and other organisations’ drafting committees, assisting in the development of industry standard clauses.

In addition to his role in the global sanctions practice, Brandt routinely advises on contractual and tortious rights and obligations pertaining to a wide range of dry shipping matters, including charterparties, P&I club rules, bills of lading, ship sales and purchases, and shipbuilding.

Brandt has previously spent four years in Reed Smith’s Hong Kong office, where in addition to his dry shipping work, he assisted in a number of casualty investigations and criminal prosecutions arising from major casualties.

Praj Samant, Reed Smith’s Asia-Pacific managing partner, said: “We are very pleased to welcome Alex to the Singapore office, and back to Asia. He is a tremendous talent with a global perspective and commercial outlook, which is an invaluable asset to clients both in the region and beyond.”

Richard Hakes, global chair of Reed Smith’s Transportation Industry Group, said: “Our transportation practice’s commitment to Asia and to our clients based in the region is longstanding and Alex’s relocation is a direct response to the needs of our clients. We have a leading and growing shipping practice across Hong Kong, Shanghai and Singapore – with a number of new arrivals in the last year. Alex will be joining that team at an exciting time for us, and at a time where there is high regional demand for his complex sanctions advice.”

Brandt added: “I am delighted to be making the move to a region I am very familiar with already. It is clear that our global clients require increased support in the region, and I look forward to working with the regional team here, as well as continuing to collaborate with our market-leading sanctions team globally.”

 

Photo credit: Reed Smith
Published: 12 August, 2026

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