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RPT-Third of Hin Leong founder's ships sold to repay debt -sources


Each VLCC raised about $30 mln
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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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. ....

South China Sea , Brunei General , Florence Tan , Chee Meng , Huey Ching , Jessica Jaganathan , Tom Hogue , Thomson Reuters Trust Principles , Xihe Holdings , Ocean Tankers Pte Ltd , Lim Oon Kuin , Grant Thornton , Xihe Capital , Oon Kuin , Evan Lim Chee Meng , Lim Huey Ching , Hin Leong Trading , Ocean Tankers , Refinitiv Eikon , Universal Terminal , Hin Leong , Thomson Reuters Trust , Hinleong Ships , Asean Countries , Asia Pacific , Asia Energy ,