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Hin Leong s Owners Move to Block OCBC from Picking

Hin Leong s Owners Move to Block OCBC from Picking
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RPT-Third of Hin Leong founder s ships sold to repay debt -sources

Each VLCC raised about $30 mln Bunker barges sold at $2 mln to $3 mln Greek ship owners among buyers SINGAPORE, March 1 (Reuters) - About one third of the roughly 150 ships owned by companies controlled by Singapore tycoon Lim Oon Kuin and his family have been sold as part of efforts to repay billions of dollars of debt owed to creditors, two sources told Reuters. Accounting firm Grant Thornton, court-appointed supervisor of Xihe Holdings, put up several vessels for sale through shipbrokers in September last year. Xihe Holdings is owned by the Lim family and held the bulk of their fleet. The rest of the ships are majority-owned by Xihe Capital - currently under liquidation according to Singapore business registry records - and 10 single purpose companies.

A third of the ships owned by Singapore tycoon Lim Oon Kuin sold to repay creditors

Third of Hin Leong founder s ships sold to repay debt -sources

Bunker barges sold at $2 mln to $3 mln Greek ship owners among buyers SINGAPORE, March 1 (Reuters) - About one third of the roughly 150 ships owned by companies controlled by Singapore tycoon Lim Oon Kuin and his family have been sold as part of efforts to repay billions of dollars of debt owed to creditors, two sources told Reuters. Accounting firm Grant Thornton, court-appointed supervisor of Xihe Holdings, put up several vessels for sale through shipbrokers in September last year. Xihe Holdings is owned by the Lim family and held the bulk of their fleet. The rest of the ships are majority-owned by Xihe Capital - currently under liquidation according to Singapore business registry records - and 10 single purpose companies.

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