SINGAPORE (The Straits Times/ANN): In a surprising twist, Hin Leong founder Lim Oon Kuin and his two children, Evan Lim Chee Meng and Lim Huey Ching, have agreed to pay US$3.5 billion (S$4.5 billion) to the liquidators of the now-defunct oil trading firm.
The High Court on Sept 30 also gave the green light to a consent judgment the Lim family reached with HSBC Holdings, which had sued them and Lim Oon Kuin’s personal assistant Serene Seng Hui Choo, for US$85.3 million in damages.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
