Hin Leong Trading gets shot at rescue with successful JM bid

Singapore

DELUGED by fast-and-furious claims from lenders and clients, distressed Hin Leong Trading (HLT) pressed the case for - and was granted - an interim judicial management (IJM) order by Singapore's High Court in a virtual hearing that lasted over three hours on Monday.

"There is value in HLT and its related companies, as can be seen from the numerous indications of interest by potential investors," said HLT director Evan Lim Chee Meng in his affidavit to support the troubled company's application to be placed under judicial management (JM).