Singapore Bunker Firm Sea Hub Energy to Be Wound Up
The decision was taken at an extraordinary general meeting of the company's members on April 5.
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The decision was taken at an extraordinary general meeting of the company's members on April 5.
Tan Wei Cheong and Lim Loo Khoon have been appointed as joint and several provisional liquidators of the firm.
It is facing an “acute tightening” of cash flow from difficulties in collecting payments and retention monies, among other factors. Read more at straitstimes.com.
Singapore-listed TA Corp says its wholly owned subsidiary, Tiong Aik Construction, has been placed under provisional liquidation as it is unable to pay its debts.
China boosted crude oil imports from Russia in May, tariffs data showed on Monday, helping offset losses incurred by cuts in Russian energy purchases over