Hin Leong Trading Business Times

On tuesday 12 may 2020 ocean tankers a subsidiary of the scandal plagued hin leong trading had reportedly filed for judicial management.

Hin leong trading business times. To singapore s hin leong trading and are in talks. Singapore italy s unicredit has sued hin leong trading over a letter of credit court documents show one of several the singapore oil trader sought from lenders for oil purchases but used to pay debt instead. Hin leong s pu tuo san vlcc supertanker in the waters off jurong island on july 11 2019.

Lim s hin leong oil trading empire o k. The business times hin leong find hin leong news headlines insight and analysis in singapore asia pacific global markets news at the business times. Lim revealed he hid more than s 1 14 billion in losses speculating in oil futures.

It appears hin leong can t catch a break. The straits times. How an epic gamble exposed the rot inside o k.

Trouble makes port call at singapore s giant oil trader hin leongsingapore s oil trading giant hin leong group which is also one of the world s largest tanker owners has become the latest to feel oil s whiplash amid an unprecedented drop in demand for the commodity. The judicial manager for insolvent oil trader hin leong trading is suing patriarch lim oon kuin better known as ok lim and his two children for us 3 5 billion alleging that each of. Read more at the business times.

Read more at the business times. Pressed for time as it grapples with a debt pile of us 4 billion singapore s giant oil trader hin leong trading hlt has pulled out its application to the court for a debt moratorium and decided instead to go down the judicial management path sources told the business times. Singapore hsbc is suing the lim family and an employee of bankrupt oil trader hin leong trading to recover us 85 3 million that they allegedly obtained with bogus invoices and forged documents according to court papers seen by the straits times.

Founder of singapore oil trading firm hin leong charged with forgery. Singapore singapore oil trader hin leong held a call with creditors on tuesday after banks failed to provide a letter of credit to the trading firm to purchase at least one cargo of oil products due to load this month four sources said. Read more at the business times.