SINGAPORE: Singapore’s High Court approved a request to freeze as much as US$3.5bil (RM14.49bil) of assets worldwide belonging to the founding family of collapsed oil trader Hin Leong Trading (Pte) Ltd in a move that may be one of the biggest such injunctions in the city-state’s history.
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 an e-mail seen by Bloomberg News that was sent to creditors on Friday to inform them of the judgment. The Lims may file an appeal against the asset-freeze order, Goh told creditors.
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