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Bankrupt OW Bunker Far East delays meeting with creditors

BANKRUPT supplier of marine fuel oil, OW Bunker Far East, has postponed for two months a meeting with its creditors originally scheduled for December 4, according to a notice published in the Singapore press.

Bankrupt OW Bunker Far East delays meeting with creditors
03 December 2014 - 23:29
Bankrupt OW Bunker Far East delays meeting with creditors

BANKRUPT supplier of marine fuel oil, OW Bunker Far East, has postponed for two months a meeting with its creditors originally scheduled for December 4, according to a notice published in the Singapore press.

OW Bunker filed for bankruptcy in Denmark in November, after posting losses of US$125 million at one of its Singapore-based subsidiaries Dynamic Oil Trading.

The notice stated that KMPG's appointment as the provisional liquidator of OW Bunker Far East and the liquidation process have been extended by another two months until February 12, reported Reuters.

It quoted the notice as saying that the creditors meeting "will instead be convened on a date to be announced in due course."

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