Hin Leong Trading gets shot at rescue with successful JM bid
Add BT as a preferred source
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).
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Inside Indonesia’s trial of Gojek co-founder: How a Google laptop deal became a multitrillion-rupiah case
Strengthening Asean’s economic resilience through RCEP’s 2027 review
From intern to C-suite: JPMorgan’s Teresa Heitsenrether on building a fully AI-powered ‘megabank’
