regulation Manifold Times
The High Court of Singapore issued a winding up order to Hengli Petrochemical International Pte Ltd, the former Singapore trading arm of Hengli Petrochemical (Dalian) Refinery, on 4 September, according to a Friday (11 September) notice on the Government Gazette. The application was filed by Dalian Hengli New Energy Sales Co Ltd , a creditor of the company, on 14 August. The winding up order also included the following names and address of liquidators: Mr. Wong Joo Wan Ms. Tina Phan Mei Ting c/o M/s Rodgers Reidy Advisory Pte. Ltd. 1 Commonwealth Lane #06-21 One Commonwealth, Singapore 149544 All creditors of the abovenamed company should file their proof of debt with the liquidator who will be administering all affairs of the company. In May, it was reported that Hengli Petrochemical International dismissed some employees , with some workers being laid off while others were offered positions in other entities. In April, China’s Hengli Group reportedly reorganised the shareholding structure of its Singapore-based trading arm shortly after the United States imposed sanctions on its refinery unit. Related : Hengli Petrochemical’s ex-Singapore trading arm faces winding up application Related : Hengli’s former Singapore trading arm begins staff layoffs ahead of potential May shutdown Related : Hengli shifts ownership of Singapore trading arm in wake of US sanctions Related : US sanctions China’s second-largest teapot refinery for purchasing Iranian oil Photo credit: Manifold Times Published: 14 September, 2026
High Court of Singapore issues winding up order against Hengli Petrochemical International
Manifold Times
Read full article at Manifold Times →
Opens Manifold Times in a new tab