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Beleaguered oil trading giant pulls out court application for debt moratorium

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Pressed for time as it grapples with a debt pile of US$4 billion, Singapore's giant oil trader Hin Leong Trading (HLT) has pulled out its application to the court for a debt moratorium and decided instead to go down the judicial management path, according to sources.

Singapore

PRESSED for time as it grapples with a debt pile of US$4 billion, Singapore's giant oil trader Hin Leong Trading (HLT) has pulled out its application to the court for a debt moratorium and decided instead to go down the judicial management path, according to sources.

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