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OCBC files application to place OK Lim's Xihe Group under interim judicial managers

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Xihe is an exempt private company owned by Hin Leong founder Lim Oon Kuin (pictured), better known as OK Lim; and his son, Evan Lim Chee Meng.

Singapore

OCBC Bank has filed an application to appoint judicial managers over Xihe Holdings and four of its vessel-owning subsidiaries, citing "strong distrust" in Xihe's current management after evidence of fraud was uncovered at sister company Hin Leong Trading in April.

Xihe is...

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