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Singapore: New Regal Marine sues bunker boss over alleged unpaid debt

Seeks SGD 600,000 from Martin Chua Lee Siong, the director of several local bunkering firms including Star Formula Pte Ltd and MB Marine Pte Ltd.
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Published

7 years ago

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A hearing involving Singapore-based vessel owner, operator and oil trading firm New Regal Marine Pte Ltd and Martin Chua Lee Siong, the director of several local bunkering firms including Star Formula Pte Ltd and MB Marine Pte Ltd, was heard at the High Court of the Republic of Singapore in the week ended 11 August.

Allegation of Raymond Luah

In April 2019, Raymond Luah, the shareholder of New Regal Marine, claimed Chua sold him 1,500 metric tonnes (mt) of petrol for SGD 600,000 on or about 23 December 2014, according to court documents obtained by Manifold Times.

Following this, Chua later sent a representative to collect three cheques valued at SGD 200,000 each from Luah.

After collection of the cheques, Chua alleged that the total SGD 600,000 was payment for another matter. Further, the cargo of 1,500 mt of petrol was not delivered to Luah as Chua claimed he was robbed and unable to pay his supplier.

Allegation of Martin Chua

In his reply in May 2019, Chua claimed he did not agree to sell Luah 1,500 mt of petrol for SGD 600,000 and acknowledged that the cheques received was for payment of a separate matter that was mutually agreed during a discussion at Luah’s office in December 2014, noted court documents.

Luah allegedly earlier bought SGD 4.14 million worth of oil products from an Indonesian firm named CV Star Formula between 2013 to 2014; and had made payment of SGD 2.84 million, leaving an outstanding balance of SGD 1.30 million.

The disputed SGD 600,000 was for payment of Luah’s outstanding balance of SGD 1.30 million with CV Star Formula, claimed Chua, adding Luah still owes the company approximately SGD 701,900 to date.

Photo credit: Manifold Times
Published: 15 August, 2019
 

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Winding up

Singapore: Final meeting scheduled for Tiger LNG Shipping Pte Ltd

Meeting will be held on 29 June at 190 Middle Road #17-05 Fortune Centre Singapore 188979 to hear any explanation that may be given by the liquidator, according to Government Gazette notice.
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Published

2 days ago

on

June 2, 2026

By

RESIZED Jo_Johnston from Pixabay

The final meeting for Tiger LNG Shipping Pte Ltd has been scheduled to take place on 29 June, according to the company’s liquidators on a notice posted on Friday (29 May) on the Government Gazette.

The meetings will be held at 10.30am at 190 Middle Road #17-05 Fortune Centre Singapore 188979. 

The meeting is being held for the purpose 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 disposed of, and of hearing any explanation that may be given by the liquidator.

The following are the details of the liquidator:

LUM CHI LUP BENNY
c/o 190 Middle Road
#17-05 Fortune Centre
Singapore 188979

 

Photo credit: Jo_Johnston from Pixabay
Published: 2 June, 2026

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Winding up

Singapore: Annual general meetings scheduled for Xin Guang Shipping and An Xing Shipping

Annual general meeting of the company and creditors for An Xing Shipping and Xin Guang Shipping will be held by electronic means on 11 June and 12 June respectively.

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Published

1 week ago

on

May 28, 2026

By

Resized benjamin child

Several notices were published on the Government Gazette on Tuesday (26 May) regarding the annual general meetings of the companies and creditors to be held electronically from 5 to 6 May for Xin Guang Shipping Pte Ltd and An Xing Shipping Pte Ltd. 

Annual general meeting for Xin Guang Shipping are to be held on 12 June at the following times:

  • Annual general meeting of the Company at 2pm
  • Annual general meeting of the creditors of the Company at 3pm

Annual general meeting for An Xing Shipping are to be held on 11 June at the following times:

  • Annual general meeting of the Company at 2pm
  • Annual general meeting of the creditors of the Company at 3pm

The agenda for all the meetings are:

  • To receive an update on the liquidation.
  • To receive an account of the Liquidators’ acts and dealings, and of the conduct of the winding up.

The following are the details of the liquidator: 

Ho May Kee
Liquidator
c/o 8 Marina View
#40-04/05 Asia Square Tower 1
Singapore 018960

 

Photo credit: Benjamin Child
Published: 28 May, 2026

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Winding up

Singapore: Notice of intended dividend issued for Xihe Capital Pte Ltd

Xihe Capital Pte Ltd and its subsidiaries are owned by the Lim family, who are also the owners of the embattled Hin Leong Trading.
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Published

1 week ago

on

May 25, 2026

By

RESIZED Drew Beamer

A notice to declare the intended dividend of Xihe Capital Pte Ltd to its creditors has been posted on the Government Gazette on Wednesday (15 April).

Xihe Capital Pte Ltd and its subsidiaries are owned by the Lim family, who are also the owners of the embattled Hin Leong Trading.

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

Name of Company : XIHE CAPITAL (PTE.) LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION)

Unique Entity No. / Registration No. : 201727410K

Address of Registered Office : 10 ANSON ROAD, #10-10, INTERNATIONAL PLAZA SINGAPORE 079903

Last Day for Receiving Proofs : 5 June 2026

Name of Liquidator : TAM CHEE CHONG

Address : c/o 10 ANSON ROAD, #10-10, INTERNATIONAL PLAZA SINGAPORE 079903

 

Photo credit: Drew Beamer
Published: 25 May, 2026

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