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Xihe Holdings files for judicial management and winding up of Xihe Capital subsidiaries

The hearing is scheduled for Wednesday, 20 January 2021 at 10.00 am and anyone who intends to attend must submit a notice in writing to Xihe’s solicitors.
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5 years ago

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Two notices were published in the Government Gazette on Monday (4 January) regarding an application by Xihe Holdings to place the following Xihe Capital Pte Ltd subsidiaries under judicial management and for the winding up of the following companies.

The companies included in the published notices are: 

  • An Ding Shipping Pte Ltd
  • Nan Jin Maritime Pte Ltd
  • An Wei Shipping Pte Ltd
  • An Rong Shipping Pte Ltd
  • Da Hai Shipping Pte Ltd
  • An Shun Shipping Pte Ltd
  • Da Shun Shipping Pte Ltd
  • Nan Fang Maritime Pte Ltd

According to the first notice, the applications were made by Xihe Holdings on 20 October, 2020 as a creditor of the above companies.

The said applications are scheduled to be heard at Court on Wednesday, 20 January 2021 at 10.00 am, and Seshadri Rajagopalan and Paresh Tribhovan Jotangia of Grant Thornton Singapore Pte. Ltd. have been nominated as the joint and several judicial managers of each of the above-named companies.

Anyone who intends to oppose the making of orders, or the nomination of a judicial manager may appear at the hearing or by his solicitor. A copy of the relevant application(s) and its supporting affidavit will be furnished to any creditor or member of any of the above-named companies requiring them by the undersigned on payment of the reasonable charge. 

According to the second notice, the winding up order was filed by Xihe Holdings on 30 October, 2020 as a creditor of the companies; Xihe Holdings is also currently under judicial management.

Similarly, the applications have been scheduled to be heard at Court on Wednesday, 20 January 2021 at 10.00 am.

Any creditor or contributory of any of the above-named companies who wishes to support or oppose the making of orders on the winding up applications may appear at the time of hearing by himself or his counsel.

A copy of the relevant winding up applications will be furnished to any creditor or contributory of any of the above-named companies requiring the copy of the relevant winding up applications by the undersigned on payment of the regulated charge for the same.

Additionally, anyone who intends to appear at the hearing of the applications must submit to Xihe Holdings’ solicitors notice in writing of their intention to do so.

The notice must state the name and address of the person, or if a firm, the name and address of the firm, and must be signed by the person or firm, or his or their solicitor (if any).

Unless otherwise directed by the Court, the notice must reach the solicitors at least 3 clear working days before the Tuesday, 19 January 2021.

The solicitors of Xihe Holdings are:

WongPartnership LLP
Marina Boulevard
Level 28, Marina Bay Financial Centre Tower 3
Singapore 018982
(Ref: MSD/ SRM/JCZZ/20201943)

Related: Judicial Managers of Xihe Holdings and subsidiaries call for first creditors meeting
Related: Judicial Managers appointed for Xihe Holdings subsidiary, Xin Hui Shipping
Related: Singapore: Additional Xihe Holdings subsidiaries to be placed under judicial management
Related: Singapore: Xihe Holdings and subsidiaries to be placed under judicial management
Related: Xihe Holdings supervisor to place seven tankers for sale in an attempt to repay creditors
Related: Xihe Holdings placed under IJM as OCBC reverses decision for ‘consensual restructuring’
Related: Xihe Capital and subsidiaries, Nan Guang Maritime to undergo voluntary liquidation
Related: Xihe replaces Directors, forms new management team to chart fresh course for Group 


Photo credit: Drew-Beamer
Published: 5 January, 2021

 

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Winding up

Singapore: Nan Shan Maritime liquidator issues notice of intended dividend

Creditors will need to produce proofs of debt to liquidator of Nan Shan Maritime by 14 July, according to Government Gazette notice.
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2 days ago

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July 1, 2026

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A notice to declare intended dividend of Nan Shan Maritime Pte Ltd to its creditors has been posted on the Government Gazette on Tuesday (30 June).

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

Name of Company : Nan Shan Maritime (Pte.) Ltd. (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 201701967H
Address of Registered Office : 10 Anson Road, #10-10, International Plaza, Singapore 079903
Last Day for Receiving Proofs : 14 July 2026
Name of Liquidator : Tam Chee Chong
Address : c/o 10 Anson Road, #10-10, International Plaza, Singapore 079903

 

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Published: 1 July, 2026

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Winding up

Singapore: Kekal Shipping Pte Ltd to undergo voluntary wind up

A liquidator has been appointed at an extraordinary general meeting held on 18 June for the purpose of winding up the company’s affair, according to Government Gazette notice.
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3 days ago

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June 30, 2026

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A notice in the Government Gazette was published by the Director of Kekal Shipping Pte Ltd on Friday (26 June), regarding resolutions that were passed in relation to the winding up of the company.

The following resolutions were duly passed during an an Extraordinary General Meeting of the company, which was held at 1 Harbourfront Avenue, #14-07 Keppel Bay Tower, Singapore 098632 on 18 June at 10am:

SPECIAL RESOLUTION

RESOLVED that the Company be wound up voluntarily pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018.

ORDINARY RESOLUTION

RESOLVED that Ms Lee Yan Huei of Messrs Acclime Corporate Advisory Singapore Pte. Ltd. be appointed liquidator of the Company for the purpose of such winding up

 

Photo credit: Jo_Johnston from Pixabay
Published: 30 June, 2026

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Winding up

Singapore: Heng Tong Fuels & Shipping Pte Ltd to be wound up voluntarily

Nicholas James Gronow, director of the Singapore-based bunker tanker owner, filed a statutory declaration last year for the company, stating the firm cannot continue their businesses due to its liabilities.
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Published

4 days ago

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June 29, 2026

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Several written resolutions for Singapore-based bunker tanker owner Heng Tong Fuels & Shipping Pte Ltd (HTFS) were approved by the sole shareholder of the company on 19 June, according to a post in the Government Gazette on Friday (26 June).

Manifold Times previously reported a director of HTFS filing a statutory declaration (SD) with the Official Receiver’s office stating that the company cannot continue its business due to its liabilities.

The company was reportedly affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd. 

The duly passed resolutions were:

SPECIAL RESOLUTIONS:

  • That the Company be wound up voluntarily pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018 (No. 40 of 2018).
  • That the Liquidators be authorised to exercise any or all of the powers provided under Section 144(1)(b), (c), (d), (e), (f) and (g) and 144(2) of the Insolvency, Restructuring and Dissolution Act 2018 (No. 40 of 2018).
  • That the Liquidators be and are hereby authorised to distribute in cash or in specie any or all of the assets of the Company remaining after satisfaction of all debts and liabilities.

ORDINARY RESOLUTIONS:

  • That Mr. Wong Pheng Cheong Martin and Ms. Koay May Yee, both care of FTI Consulting (Singapore) Pte. Ltd., One Raffles Quay #27-10 South Tower Singapore 048583 be and are hereby appointed the joint and several Liquidators of the Company for the purpose of such winding up and that the Liquidators be indemnified by the Company against all costs, charges, losses, expenses and liabilities incurred or sustained by them in the execution and discharge of their duties in relation thereto.
  • That the remuneration of the Liquidators be based on their normal scale rates for carrying out the engagement plus disbursements and the prevailing goods-and-services tax and that the Liquidators’ remuneration be paid out of the assets of the Company.

In another notice, the liquidators of Heng Tong Fuels & Shipping said creditors for the company are required on or before the 27 July to send in their names and addresses and particulars of their debts or claims, and the names and addresses of their solicitors (if any) to the liquidators. 

Liquidators may also require creditors to, “come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.”

The liquidators can be contacted at the following address:

WONG PHENG CHEONG MARTIN
KOAY MAY YEE
JOINT AND SEVERAL LIQUIDATORS
of FTI Consulting (Singapore) Pte. Ltd.
One Raffles Quay
#27-10 South Tower
Singapore 048583

Related: Singapore: Director declares Heng Tong Fuels & Shipping’s inability to continue business
Related: Heng Tong Fuels & Shipping in court over DBS Bank bunker tanker loan
Related: Singapore: Bunker tanker “Coastal Neptune” arrested
Related: Heng Tong Fuels & Shipping, Coastal Logistics tankers enter S&P market

 

Photo credit: Benjamin child
Published: 29 June, 2026

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