Praxis Energy Agents in winding up application against Jungwon Maritime

Praxis Energy Agents Pte Ltd, the Singapore branch of the similarly named Athens-based international bunker trading house, has initiated a winding up application against Jungwon Maritime Pte Ltd at the High Court of the Republic of Singapore.

A hearing in regards to the application, attended by Manifold Times, was conducted at the court on Friday (29 November) morning in the open court.

The legal representative of Praxis Energy Agents requested the application to be adjourned for four weeks due to the firm attempting an out of court settlement with Jungwon Maritime.
Jungwon Maritime was unrepresented during the court session.

A check conducted by Manifold Times on Monday (2 December) found Jungwon Maritime Pte Ltd still registered as a ‘live company’ on Singapore’s Accounting and Corporate Regulatory Authority (ACRA) website.

Photo credit: Manifold Times
Published: 2 December, 2019