मैगज़्टर गोल्ड के साथ असीमित हो जाओ

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Hin Leong founder and his two children declared bankrupt

The Straits Times

|

December 28, 2024

Hin Leong's founder, Lim Oon Kuin, and his two children were declared bankrupt on Dec 19, the electronic government gazette published on Dec 27 showed.

Hin Leong founder and his two children declared bankrupt

Better known in the oil trading industry as O.K. Lim, the 82-year-old, his daughter Lim Huey Ching, 57, and son Lim Chee Meng, 54, will have their bankruptcy estates managed by trustees Leow Quek Shiong and Seah Roh Lin of BDO Advisory.

The bankruptcy stems from the former Singapore oil tycoon and his two children having agreed in September to pay US$3.5 billion (S$4.76 billion) to the court-appointed liquidators of the company and top creditor HSBC after a 50-day civil trial.

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