Hin Leong Trading founder Lim Oon Kuin. - The Straits Times/ANN
SINGAPORE, May 22 (Bloomberg): Singapore’s High Court approved a request to freeze as much as US$3.5 billion of assets belonging to the founding family of collapsed oil trader Hin Leong Trading (Pte) Ltd, the company’s liquidator told creditors.
Lim Oon Kuin and his family will be asked by lawyers representing liquidator Goh Thien Phong to disclose their assets to the court in the next few days, according to the email seen by Bloomberg News that was sent to creditors on Friday. The Lims may file an appeal against the asset-freeze order, Goh told creditors.
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