Hin Leong

Hin Leong founder OK Lim should be granted judicial mercy, like tycoon Ong Beng Seng: Defence

[SINGAPORE] Hin Leong founder Lim Oon Kuin should be granted judicial mercy, like property tycoon Ong Beng Seng, as the heightened risk of the 83-year-old bankrupt falling in prison may lead to his de...

The dispute stems from a loan BOA provided to both Da Hui and An Rong Shipping. Both companies were subsidiaries of Ocean Tankers, Hin Leong’s shipping arm.

High Court rejects Hin Leong-linked firm’s bid to halt payout of ship sale proceeds

The collapsed oil trading giant’s shipping subsidiary fails in its second attempt to halt distribution of cash from vessel sales to rival claimants

The court notes that there was no legal documentation that formalised the arrangement for Lim Chee Meng to hold the three AIA insurance policies for the benefit of his daughter Michelle Lim.

Three insurance policies worth over S$500,000 to be part of bankrupt estate of OK Lim’s son, court rules

Applicant Michelle Lim says that these policies were held on trust for her sole benefit

Lim Oon Kuin aka OK Lim appealing for his 17-year and 6-month sentencing on Nov 18, 2024.

The unravelling of Hin Leong and OK Lim’s fall from grace

ONCE a giant in Singapore’s oil trading industry, the collapse of Hin Leong Trading (HLT) exposed a web of fraud, forgery and financial mismanagement.

Lim Oon Kuin has been sentenced to 17 years and six months imprisonment for three cheating and forgery charges.

OK Lim sentenced to 17 years and 6 months in prison

It is a deterrent sentence, says the court, given that Lim has hurt Singapore’s standing as a bunkering and financial services hub

Tan Sook Eng, the wife of convicted Hin Leong founder Lim Oon Kuin, has put her 999-year leasehold GCB in Queen Astrid Park on the market.

OK Lim’s wife puts up Queen Astrid Park GCB for sale at S$100 million

THE wife of convicted Hin Leong Trading founder Lim Oon Kuin has quietly put up for sale her good class bungalow (GCB) in Queen Astrid Park for S$100 million.

OK Lim (above) and family have indicated they will file for bankruptcy after consenting to their creditors' judgements.
BT EXPLAINS

OK Lim has accepted judgment debt of over US$3.5 billion, but creditors will likely claw back much less

The 82-year-old and his children, Evan Lim and Lim Huey Ching, are planning to file for bankruptcy

The two-storey freehold bungalow in Tanglin Hill has a built-up area of 8,110 sq ft.
SINGAPORE PROPERTY

OK Lim’s Tanglin Hill bungalow sells for S$39.2 million

Price works out to S$2,507 psf on land; buyers are children of Mapletree Investments CEO

OK Lim’s health has been deteriorating since the collapse of Hin Leong; he has also said he has depression and anxiety.
OK LIM TRIAL

What we learned from Hin Leong founder OK Lim’s time on the stand

LIM Oon Kuin, better known as OK Lim, has taken the stand for 11 days to testify in his own criminal trial.