Hafnia Ltd seeks to redomicile to Singapore
Hafnia Ltd, the Bermudian-domiciled tanker-owning company, is seeking to move its place of incorporation to Singapore.
The company is part of the BW Group, an international shipping organisation involved in oil and gas transportation, floating gas infrastructure, environmental technologies, and deepwater production.
An exempted company limited by shares, Hafnia has been registered in Bermuda since 2014.
BW LPG — which is associated with BW Group — completed its redomiciliation to Singapore earlier this month.
The board of directors of Hafnia proposes to implement a scheme of arrangement under Bermuda's company law in order to effect a discontinuance from Bermuda and continuance to Singapore.
On August 5, the Supreme Court of Bermuda will be asked to give directions as to the convening of a meeting of shareholders of the company that are eligible to vote on the scheme.
Subject to the scheme being effective, the transfer of domicile will be a direct redomiciliation from Bermuda, and the company will accordingly have the same assets and liabilities as prior to redomiciling.
The board of directors and the management of the company will also remain the same.
The effective date of the redomiciliation is expected to be in the fourth quarter of this year, the company said.
Need to
Know
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
