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9 Best Peking Duck In Singapore – Top Chinese Restaurants Offering Succulent Ducks With Crispy Skin – DanielFoodDiary com
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Hin Leong s Owners Move to Block OCBC from Picking
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Hin Leong action paves way for continued strength in Singapore bunker market
Singapore’s marine fuel market has remained resilient since the collapse of oil trader Hin Leong in 2020, with the latest action involving the freezing of assets belonging to its founder Oon Kuin Lim and his two children reflecting the stern action taken against industry malpractices, reposing faith in the local bunker market and reinforcing its commitment to transparency, industry sources told S&P Global Platts.
“This [the Hin Leong case] is a very relevant issue; sadly our industry has been plagued by bankruptcies since the OW case and this has generated a – wrong – perception of a sector populated by unprofessional and unreliable companies,” a bunker supplier said.
Asia PacificLim family s global assets on radar after Singapore court move
Anshuman DagaJessica Jaganathan
4 minute read
Founder of collapsed oil trading firm Hin Leong Trading Pte Ltd, Lim Oon Kuin, better known as O.K. Lim, arrives at the State Courts in Singapore April 30, 2021. REUTERS/Edgar Su
A Singapore court has approved a freeze on up to $3.5 billion of assets of the family behind collapsed Hin Leong Trading Pte Ltd, boosting the prospect of debt recovery from the former oil trading empire that counts some of the world s biggest banks among its creditors.
Hin Leong was wound up in March after failing in a year-long effort to restructure more than $3 billion in debts after the COVID-19-led oil crash laid bare huge losses. Founder Lim Oon Kuin admitted in a court document last year to directing the company not to disclose hundreds of millions of dollars in losses over several years. read more
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