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The hunt for lost billions: Failed Hin Leong's owners face asset claims asiaone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asiaone.com Daily Mail and Mail on Sunday newspapers.
4 Min Read SINGAPORE (Reuters) - Stung by the collapse of Asia’s top independent oil trading firm, some global banks have teamed up to seek the personal assets of the family behind Hin Leong Trading, which has left creditors on the hook for billions of dollars. FILE PHOTO: O.K. Lim, founder of oil trading group Hin Leong, speaks during an interview with Reuters in Singapore June 5, 2013. REUTERS/Edgar Su/ As part of what sources say is the biggest legal case in living memory in Singapore, liquidators and creditors are hunting for assets from the city-state to China to Australia belonging to the Lim family, after the Singapore-based company was wound up in March. ....
The hunt for lost billions: Failed Hin Leong's owners face asset claims reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
SG's Jurong Port completes acquisition of Lim family's stake in Universal Terminal dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.
by Evan Lim, Columbia University Earth Institute Two new studies suggest that recent estimates of global ice melt are conservative. In other words, ice is melting much more rapidly than experts thought. As a result, sea levels are rising faster as well. The first study combines various observations from satellites, on-the-ground measurements, and model-based estimates to create a clearer picture of the state of Earth’s ice between 1994 and 2017. Essentially, it captures a global tally of change in ice mass over that time period. The resulting measurements of ice loss and sea level rise fall in the upper range of scenarios forecast by the Intergovernmental Panel on Climate Change (IPCC), a body within the United Nations meant to provide objective science related to climate change. The IPCC’s scenarios were laid out in their 2019 special report on oceans and the cryosphere, itself a recent overview of assessment work. ....