Law

Lim scions seek bankruptcy after liquidation of failed oil empire lands them with a $3.5bn bill

However, former oil and tanker tycoon and his children say they do not have enough assets to pay claimants

The collapse of Hin Leong Trading in 2020 led to a mass sell-off of the Lim family’s assets, including a large fleet of tankers, an oil storage terminal in Singapore and private luxury homes.
The collapse of Hin Leong Trading in 2020 led to a mass sell-off of the Lim family’s assets, including a large fleet of tankers, an oil storage terminal in Singapore and private luxury homes.Photo: Hin Leong Trading
Singapore
Published 3 October 2024, 05:31Updated 3 October 2024, 11:13
Hin Leong TradingLim Oon KuinHSBCOcean TankersXihe Holdings