Singapore court approves move to freeze Hin Leong's founder's assets - liquidators

Reuters2021-05-24

SINGAPORE, May 24 (Reuters) - Singapore's Court has accepted a request to freeze up to $3.5 billion of worldwide assets of Lim Oon Kuin and his two children following the collapse of Lim's oil trading firm Hin Leong Trading Pte Ltd, the company's liquidators told creditors in an email seen by Reuters.

Court-appointed liquidators of Hin Leong, the Lim family and their lawyers, and the Singapore High Court did not immediately respond to requests for comment on Monday.

(Reporting by Anshuman Daga and Jessica Jaganathan; Editing by Himani Sarkar)

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Comments

  • ZEROHERO
    2021-05-24
    ZEROHERO
    A big gamble that backfired 
  • Ezson
    2021-05-24
    Ezson
    what happened?
  • Jason1989
    2021-05-24
    Jason1989
    Nice one
  • Mythology
    2021-05-24
    Mythology
    Pls like n comment .. Anw what’s their assets?
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