Hin Leong founder O.K. Lim, his children declared bankrupt

Quick Summary:

They were declared bankrupt on Dec 19, the electronic government gazette published on Dec 27 showed.

But the Lims then commented that they did not have enough assets to pay all the claimants that have taken legal action against them and would be applying for bankruptcy.

Besides HSBC, other claimants that have accepted the Lims’ offer include Sembcorp Cogen and Credit Agricole.Meanwhile, O.K.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Judgment Founder Jail Leong Hsbc Million Trading Kuin Billion Us$3 Bankruptcy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-27 @ 21:10:00 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 480 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 24693088

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