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OK Lim
Company in the news
Hin Leong founder OK Lim sells one third of ships to repay debt
It is expected the rest of the ships will be sold by late this year.
March 03, 2021
Company in the news
HSBC sues OK Lim and family, and Hin Leong employee to recover US$85.3 mil
The suit, which was filed on Oct 21 in the High Court, makes HSBC the first bank to take legal action against the Lims.
November 05, 2020
Oil & Gas
Banks affected by Hin Leong hit snag to tap $2 bil in Lim assets
The impasse signals that the banks, which also include Singapore’s DBS Group Holdings Ltd., may face a long battle to recover any money from the insolvent firm.
September 02, 2020
Company in the news
Hin Leong founder OK Lim and children sued by PricewaterhouseCoopers for US$3.5 bil
Pricewaterhouse Coopers Advisory Services (PwC), which is the judicial manager of Hin Leong Trading, has sued Hin Leong founder Lim Oon Kuin (also known as OK Lim) and his two children.
September 01, 2020
Oil & Gas
Hin Leong founder OK Lim charged with abetting forgery for cheating, given court bail of $3 mil
Oil tycoon Lim Oon Kuin (also known as O.K. Lim), who is also the founder of Hin Leong Trading, was charged in court on August 14 with the abetment of forgery for the purpose of cheating.
August 14, 2020
Company in the news
Documents forged on a “massive scale” at Hin Leong to hide losses
The scale and regularity of the fabrication suggests that the practice was routine and pervasive, says PWC
June 24, 2020