Singapore: Final creditors meeting scheduled for IEG subsidiary TXZ Tankers
- Published
by Admin
The final meeting of TXZ Tankers Pte Ltd (Reg no. 201805870Z), a former subsidiary of oil trading company International Energy Group (IEG), will be held by electronic means by way of video conference (via Zoom) on 29 December 2022, according to a notice on the Government Gazette.
“[The meeting is held] for the purposes of having an account laid before the meeting showing 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 Liquidator,” stated the notice published on Thursday (29 November).
Manifold Times in January 2021 reported IEG declaring it can no longer continue its business due to its liabilities and proceeded to summon a creditors’ meeting within a month of the declaration.
The firm added IEG subsidiary TXZ Tankers has been experiencing challenging situations in view of the reduction of shipping charters.
Related: Singapore: Liquidator of TXZ Tankers announces notice of dividend to creditors
Related: Singapore: Liquidator of IEG subsidiary TXZ Tankers issues notice of intended dividend
Photo credit: Benjamin-child
Published: 1 December, 2022
