Malayan Banking (Maybank) has appointed KPMG to act as receiver and manager of three vessels owned by oil tycoon Lim Oon Kuin and his family's Xihe Holdings
The bank is concerned about its interests in the vessels as Lim and his family businesses come under pressure from creditors, Singapore's Business Times reported on Friday.
It is unclear whether Maybank has commenced legal action in Singapore that would allow KPMG to take control of the tankers.
