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Panoil Petroleum and Pan Energy appoint liquidator to hold meeting of creditors

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A meeting of creditors will be held electronically for both companies on 18 February with Pan Energy’s meeting at 10.00 am and Panoil’s meeting at 11.00 am.
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Two notices were published in the Government Gazette on Friday (5 February) regarding the winding up process of former Singapore bunker supplier Panoil Petroleum Pte Ltd and its related entity Pan Energy Pte Ltd.

According to the notice, a meeting of creditors will be held electronically for both companies on the same day but at different times.

The meeting will be held on Thursday, 18 February; Pan Energy’s meeting will be at 10.00 am while Panoil’s meeting will be held at 11.00 am.

The published agenda for the meetings are :

  1. To update on the status of liquidation
  2. To consider and if thought fit, to appoint a committee of inspection; and
  3. Any other business.

The appointed liquidator’s contact details are:

SM Corporate Advisory Pte Ltd
8 Wilkie Road
#03-08 Wilkie Edge
Singapore 228095

Related: Singapore: CIMB Bank loses USD 5.7 million claim against WFS over Panoil debenture
Related: Singapore: Liquidators seek to wind up Panoil Petroleum at High Court


Photo credit: Benjamin-Child
Published: 8 February, 2020

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