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A Singapore court has approved a freeze on up to $3.5 billion of assets of the family behind collapsed Hin Leong Trading Pte Ltd…

High Court approves move to freeze Hin Leong's founder's assets: Liquidators Toggle share menu Advertisement High Court approves move to freeze Hin Leong's founder's assets: Liquidators Hin Leong Trading's founder Lim Oon Kuin arrives at the State Courts, in Singapore on Apr 30, 2021. (File photo: REUTERS/Edgar Su) 24 May 2021 11:54AM Share this content Bookmark SINGAPORE: The High Court has accepted a request to freeze up to US$3.5 billion (S$4.7 billion) of worldwide assets of Lim Oon Kuin and his two children following the collapse of Lim's oil trading firm ...

Asia PacificLim family's global assets on radar after Singapore court move Anshuman DagaJessica Jaganathan 4 minute read Founder of collapsed oil trading firm Hin Leong Trading Pte Ltd, Lim Oon Kuin, better known as O.K. Lim, arrives at the State Courts in Singapore April 30, 2021. REUTERS/Edgar Su A Singapore court has approved a freeze on up to $3.5 billion of assets of the family behind collapsed Hin Leong Trading Pte Ltd, boosting the prospect of debt recovery from the former oil trading empire that counts some of the world's biggest banks among its creditors. Hin Leong was wound up in M...

Assets including multi-million-dollar homes to shares, and country club memberships will be sold to recover money owed to creditors globally.

A Singapore court has approved a freeze on up to $3.5 billion of assets of the family behind collapsed Hin Leong Trading Pte Ltd…