The High Court of Singapore granted Singapore’s OCBC Bank’s application for Xihe Holdings to be placed under interim judicial management.
Seshadri Rajagopalan and Paresh Jotangia of accounting and consulting firm Grant Thornton Singapore have been appointed as the interim judicial managers of the large Singaporean tanker owner.
They will supervise Xihe Holdings and its four special purpose vehicles (SPVs) –Da Xin Tankers, Hua Guang Shipping, Nan King Maritime and Hua Xin Shipping.
