Several resolutions for Sea Hub Tankers Pte Ltd, a subsidiary of bunker firm Sea Hub Energy Pte Ltd, were made during an extraordinary general meeting held on 12 February, according to a notice in the Government Gazette on Tuesday (24 February).
The following resolutions were duly passed during the meeting:
Special Resolutions
- That the company be wound up as a Creditors’ Voluntary Winding Up pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018 and that Tan Wei Cheong and Lim Loo Khoon, both care of Deloitte Singapore SR&T Restructuring Services Pte Ltd, 6 Shenton Way, OUE Downtown 2, #33-00 Singapore 068809, be appointed as the Joint and Several Liquidators (the Liquidators) for the purpose of the winding up.
- That the Liquidators be at liberty to exercise all or any of the powers conferred on them pursuant to the Insolvency, Restructuring and Dissolution Act 2018.
Manifold Times previously reported directors of Sea Hub Energy lodging a statutory declaration (SD) stating that the company cannot continue its business due to its liabilities.
In the SD, the directors, Lim Seet Huat and Ang Heng Lye, said the meetings of the company and its creditors have been summoned for 5 April 2024, being a date within one month of the date of the SD.
In June 2021, the State Courts of the Republic of Singapore issued Ang a 35-month imprisonment sentence, due to his role in a conspiracy to tamper with the mass flow metering (MFM) systems on board Singapore bunker tankers Southernpec 6 and Southernpec 7 between October 2018 to April 2019.
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Related: Singapore: Imprisonment of Sea Hub Energy Director ‘unrelated to company integrity’, says majority shareholder
Related: Sea Hub Energy seeks US$12 million from Southernpec at Singapore High Court
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Photo credit: Drew Beamer
Published: 25 February, 2026
