News

14 July 2023


To the Members of Methodist Co-operative Society Limited


Dear Sir / Madam

Methodist Co-operative Society Limited (In Liquidation) (the “Co-operative”)

We refer to the above matter and our letters dated 12 April 2023, 1 March 2023 and 16 December 2022.

Subject to approval from the Ministry of Culture, Community and Youth, the Liquidators anticipate declaring a first and final dividend and returning the share capital in September 2023.

To date, we noted that some members of the Co-operative have yet to provide confirmation of their particulars to the Liquidators.

In order to ensure the orderly distribution of the final dividend and refund of the Co-operative's share capital to you, the Liquidators will be grateful if you could provide the following immediately:

  • Copy of your Membership card bearing the Membership number, if any
  • Letter from the Co-operative confirming number of shares, if any
  • Past dividend letter from the Co-operative, if any
  • Redacted bank statement showing past dividend payout, if any
  • Redacted bank statement showing your account name and account number (for crediting of the refund of the Co-operative’s share capital and/or dividend)

Please ignore this letter if you have already submitted your particulars to us. Thank you for your prompt response.


You will be entitled to a payment of the final dividend and the refund of your share capital after all the affairs pertaining to the Co-operative’s liquidation has been settled as long as you were a member of the Co-operative as of 20 September 2022, the date of the Liquidators’ appointment.

We seek your patience and understanding in the process. For the latest updates and developments, please refer to announcements which will be made on https://www.methodistcoop.org.sg/latest-news periodically.

Should you require any clarification, please contact Ms Lim Si Ting / Mr Anthony Lum at This email address is being protected from spambots. You need JavaScript enabled to view it..


Yours faithfully
For and on behalf of
Methodist Co-operative Society Limited (In Liquidation)

Yeo Boon Keong
Joint and Several Liquidator

View signed letter

 

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