Lim, Hin Leong
O.K. Lim and 2 children agree to pay US$3.5b to Hin Leong liquidators, but will file for bankruptcy
SINGAPORE – 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.
Ex-oil tycoon OK Lim and children to file for bankruptcy as judgment for US$3.5 billion entered against them
Lim Oon Kuin and his two children stated they would be consenting to the judgment without admitting liability for various reasons, including health and not wishing to take up any more of the court's time.
OK Lim and kids agree to pay US$3.5 billion to Hin Leong liquidators, top creditor HSBC; to file for bankruptcy
HIN Leong Trading founder Lim Oon Kuin – the former Singapore oil tycoon better known as OK Lim – and his children, Evan Lim Chee Meng and Lim Huey Ching, have agreed to pay US$3.5 billion to the court-appointed liquidators of the company and top creditor HSBC.
However, the former oil and tanker tycoon and his children say they do not have enough assets to pay claimants ...
Singapore’s High Court has given the green light to a settlement deal that will see former oil tycoon Lim Oon Kuin and his ...
Singapore’s High Court approved former oil tycoon Lim Oon Kuin’s agreements to pay about $3.59 billion to the liquidators of ...
A SEMBCORP Industries subsidiary will be settling its legal claims against Hin Leong Trading founder Lim Oon Kuin and his ...
The judgment was reached as Lim and his children, Lim Huey Ching and Evan Lim Chee Meng, announced their intention to file ...
However, the former oil and tanker tycoon and his children say they do not have enough assets to pay claimants ...
Singapore’s High Court approved former oil tycoon Lim Oon Kuin’s agreements to pay $4.6 billion to the liquidators of his ...
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