The disposal of assets linked to disgraced oil trader Hin Leong Trading (HLT) continues apace with its bunker division the latest asset to be placed on the sale block.
PricewaterhouseCoopers (PwC), the court-appointed judicial managers of the Singapore company, has placed a notice in local media for the sale of an "independent bunker fuel and lubricant supplier in Singapore".
The advertisement said that the majority shareholder of the company was “seeking to sell its shares in the firm” pending relevant regulatory approval.
