The Business Times
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Yangzijiang Shipbuilding unit faces US$4.8m winding-up petition

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Tay Peck Gek

Tay Peck Gek

Published Fri, Jan 6, 2023 · 06:28 PM
    • Trinity Seatrading’s application originates from a dispute for the sale of an oil tanker by Yangzijiang Shipping to Trinity Seatrading.
    • Trinity Seatrading’s application originates from a dispute for the sale of an oil tanker by Yangzijiang Shipping to Trinity Seatrading. PHOTO: ST FILE

    A COMPANY has applied for the winding up of a subsidiary of listed Yangzijiang Shipbuilding and is seeking an alleged debt amount of US$4.8 million.

    Trinity Seatrading, a Liberian company, stated in an advertisement published on Friday (Jan 6) that it had on Dec 23, 2022, in the capacity of a creditor, made an application in the Singapore High Court to wind up Yangzijiang Shipping.

    In a bourse filing on Sunday, Yangzijiang Shipbuilding said the claim originated from a dispute for the sale of an oil tanker by Yangzijiang Shipping to Trinity Seatrading.

    Yangzijiang ShipbuildingLiquidation

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