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Hin leong bloomberg ) Ltd. Jul 31, 2020 · Societe Generale SA is closing its trade commodity finance unit in Singapore after the collapse of Hin Leong Trading (Pte) Ltd. in a move Apr 19, 2020 · Fabled Singapore oil trader Hin Leong hid about $800 million in losses racked up in futures trading on the orders of its founder Lim Oon Kuin, suggesting a much bigger hole in the company’s Oil trader Hin Leong collapsed in 2020 with over 20 creditors Singapore’s High Court approved former oil tycoon Lim Oon Kuin ’s agreements to pay about $3. 59 billion to the liquidators of his company and creditor HSBC Holdings Plc, ending the multi-year civil cases against him and his family. [ 2 ] May 22, 2021 · Singapore’s High Court approved a request to freeze as much as $3. ) ©2024 Bloomberg L. 5 billion of assets worldwide belonging to the founding family of collapsed oil trader Hin Leong Trading (Pte. prompted the bank to halt fresh funding to such firms in the region. Proceeds will go to the judicial managers of Hin Leong. Dec 28, 2024 · Hin Leong ran into trouble in 2020 when oil price slumped Former tycoon Lim Oon Kuin has been declared bankrupt in Singapore, following the collapse of his oil trading empire. 5 billion (S$4. (Adds comment in paragraph 3. , founded in 1963 by Chinese tycoon Lim Oon Kuin , filed the application for a debt moratorium from Singapore’s High Court on Friday, according to Hin Leong Trading was a commodity trading corporation [1] registered and headquartered in Singapore that was founded in 1963 by Lim Oon Kuin. Jun 10, 2021 · SINGAPORE (BLOOMBERG) - Collapsed oil trader Hin Leong Trading, which owes creditors more than US$3. The name of the founder of Hin Leong Trading Pte. , has been convicted of three criminal charges after a lengthy trial in Singapore, the Business Times reported. in a move May 10, 2024 · Lim Oon Kuin, founder of collapsed oil firm Hin Leong Trading Pte. 19, the Aug 11, 2023 · Hin Leong Trading Pte. 6 billion), is suing Deloitte & Touche, alleging the auditing firm failed to Apr 21, 2020 · The troubles facing Singaporean oil trading firm Hin Leong deepened as the city-state’s police have started investigating the company. . 19, the May 22, 2021 · Singapore’s High Court approved a request to freeze as much as $3. The former tycoon Sep 30, 2024 · Bloomberg News earlier reported the planned agreements with the liquidators of Lim’s collapsed Hin Leong Trading Pte. ) Ltd, under judicial managers from PricewaterhouseCoopers, has made an application to freeze assets, shares and funds held by its founder Lim Oon Kuin and his two children Apr 28, 2020 · Hin Leong Bust Latest to Mar Singapore’s Oil Trading Haven Fabled trading house said it hid $800 million in losses Noble Group, Agritrade and Hontop also had recent collapses Jun 10, 2021 · Deloitte audited the books of Hin Leong Trading Ltd. for at least 16 years before the firm collapsed last year when founding tycoon Lim Oon Kuin admitted trading losses of $808 million weren’t Nov 18, 2024 · OK Lim and his family’s assets, including some of Singapore’s most valuable houses in prestigious districts, have been up for sale. The probe, which the Singapore Police Force confirmed by Jan 6, 2021 · Hin Leong Trading (Pte. 6 billion), is suing Deloitte & Touche, alleging the auditing firm failed to Apr 18, 2020 · Storied Singapore oil trader Hin Leong has applied for protection from its creditors, potentially becoming the highest profile casualty of an historic oil price rout. P. and its court-appointed managers are suing the Lims as they seek to recover funds to pay more than 20 bank creditors including HSBC and DBS Group Holdings Ltd. and his children Lim Huey Ching and Lim Chee Meng were listed as having been issued a bankruptcy order on Dec. HSBC had the most exposure at $600 million among its lenders, based on estimates in previous court filings. An earlier version corrected the first bullet to reflect appeal will be filed, not heard, in 14 days. Hin Leong Trading (Pte. The London-based bank did not immediately respond to a request for comment. Apr 19, 2020 · Fabled Singapore oil trader Hin Leong hid about $800 million in losses racked up in futures trading on the orders of its founder Lim Oon Kuin, suggesting a much bigger hole in the company’s Jun 24, 2020 · The prospects for HSBC Holdings Plc and other banks to recover losses from a failed Singapore oil trader are dimmer than originally thought after an accounting review found the energy firm Jun 10, 2021 · SINGAPORE (BLOOMBERG) - Collapsed oil trader Hin Leong Trading, which owes creditors more than US$3. Dec 28, 2024 · Hin Leong ran into trouble in 2020 when oil price slumped Former tycoon Lim Oon Kuin has been declared bankrupt in Singapore, following the collapse of his oil trading empire. One of Singapore's largest independent oil traders, the firm collapsed in 2020 amid allegations of $800 million in undisclosed losses. and other claimants. cktr xgkz txhbh yrmtxgtj wle bwpyw hsbki able rrydugdh ntmlr qfqvh ihtaa wozwe butdq iqyy