Webb30 apr. 2024 · SINGAPORE - After three no-shows in State Courts to face 23 new charges of forgery-related offences, Hin Leong Trading founder Lim Oon Kuin finally showed up on Friday morning (April 30) in a ... WebbHin Leong founder O.K. Lim handed 23 more charges, turns up in court after 3 no-shows O.K. Lim (in wheelchair) arriving in court on Friday morning with his lawyer Mr Navin …
Commodity trading blow-ups dent Singapore’s reputation
WebbThe company owed some $3.85 billion to 23 lenders, the biggest of which being HSBC which held $600 million of Hin Leong's debt. [6] Singapore's three largest banks also faced significant debt exposure to Hin Leong; UOB was owed $100 million, whereas OCBC and DBS Bank had exposures of $200 million and $290 million respectively. [7] Webb18 maj 2024 · As the dust settles following its phone call with its bankers about a debt moratorium, it revealed the scale of the scandal to the disbelief of many trade bankers in the industry. Hin Leong racked up US$3.6b of debt owed collectively to 23 banks, with more than US$598m owed to its largest lender HSBC. snowmetrics
Exclusive: Head of oil trader Hin Leong didn
WebbHin Leong was wound up in March after failing in a year-long effort to restructure more than $3 billion in debts after the COVID-19-led oil crash laid bare huge losses. WebbHin Leong, one of Asia's largest oil traders, was placed under judicial management in April after banks demanded repayment of loans as oil prices crashed amid the coronavirus … Webb6 okt. 2024 · Banks have tightened credit to the sector, in part due to troubles at Singapore-based Hin Leong Trading Pte Ltd, formerly one of Asia's largest fuel traders. Some banks, like ABN Amro ABNd.AS... snowmen fabric