Singapore court approves move to freeze Hin Leong s founder s assets msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Singapore court freezes US$3 5 billion assets of Hin Leong s Lims yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Singapore’s High Court approved a request to freeze as much as $3.5 billion of assets belonging to the founding family of collapsed oil trader Hin Leong Trading (Pte.) Ltd, the company’s liquidator told creditors.
Hin Leong Trading founder Lim Oon Kuin. - The Straits Times/ANN SINGAPORE, May 22 (Bloomberg): Singapore’s High Court approved a request to freeze as much as US$3.5 billion of assets belonging to the founding family of collapsed oil trader Hin Leong Trading (Pte) Ltd, the company’s liquidator told creditors.
Lim Oon Kuin and his family will be asked by lawyers representing liquidator Goh Thien Phong to disclose their assets to the court in the next few days, according to the email seen by Bloomberg News that was sent to creditors on Friday. The Lims may file an appeal against the asset-freeze order, Goh told creditors.