Hin Leong's Lim family fail in bids against court-appointed managers
Add BT as a preferred source
Singapore
THE liquidators of failed Hin Leong Trading have scored a big win in their bid to recoup mega bucks from scandal-hit tycoon Lim Oon Kuin and his children of the Hin Leong group, one of Asia's largest oil services firms.
The Singapore High Court last Friday issued an oral judgment in favour of the liquidators' application for a Mareva injunction to freeze as much as US$3.5 billion of the Lim family's assets worldwide, which include properties in Singapore and Australia, shares, insurance policies and club memberships, The Business Times understands.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Lily Ler to step down as CEO of Mapletree Industrial Trust manager
Jardine C&C selling Singapore, Malaysia dealerships to Indonesia’s Chandra Asri for US$221 million gain
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
