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Third of Hin Leong founder's ships sold to repay debt: Sources

Third of Hin Leong founder s ships sold to repay debt: Sources
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Third of Hin Leong founder s ships sold to repay debt: Sources
FILE PHOTO: O K Lim, founder and chairman of oil trading group Hin Leong, speaks during an interview with Reuters in Singapore on Jun 5, 2013. (Reuters/Edgar Su)
02 Mar 2021 09:43AM
(Updated:
02 Mar 2021 09:50AM)
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SINGAPORE: 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. ....

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

Grant Thornton, court-appointed supervisor of Xihe Holdings, put up several vessels for sale through shipbrokers in September last year. ....

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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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Singapore: Third of Hin Leong founder's ships sold to repay debt

Singapore: Third of Hin Leong founder's ships sold to repay debt
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VLCC Fire Sale - Singapore Tanker Tycoon O.K. Lim Liquidates One-Third His Fleet To Repay Billions Of Debt – gCaptain

VLCC Fire Sale - Singapore Tanker Tycoon O.K. Lim Liquidates One-Third His Fleet To Repay Billions Of Debt – gCaptain
gcaptain.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gcaptain.com Daily Mail and Mail on Sunday newspapers.

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