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Hoe Leong Corporation Ltd Announces Winding Up Against Subsidiary


Thursday, 31 Jan 2013 05:41am EST 

Hoe Leong Corporation Ltd announced that its subsidiary, Supreme Voyager Pte Ltd (SVPL), had on January 22, 2013, received an application dated January 18, 2013, filed by Supreme Oilfield Services Pte Ltd (SOS), the other shareholder of SVPL, to wind up SVPL on the grounds that it is just and equitable to do so under Section 254(1)(i) of the Companies Act, Cap. 50 in reliance on certain clauses of the Joint Venture Agreement dated November 3, 2009, entered into between the Company and SOS. 

Company Quote

0.05
-0.0030 -5.66%
21 Nov 2014