Offshore

Collapsed Singapore oil trader founder appeals USD 20 million order

Lim Oon Kuin, founder of collapsed Singapore oil trader Hin Leong, is appealing a court order to return USD 20 million the family transferred from the shipping company prior to filing for protection last year.
Photo: Edgar Su/Reuters/Ritzau Scanpix
Photo: Edgar Su/Reuters/Ritzau Scanpix
By Chanyaporn Chanjaroen and Alfred Cang, Bloomberg

Lim Oon Kuin, the founder of collapsed Singapore oil trader Hin Leong Trading (Pte.) Ltd, is appealing a court order to return funds the family took out of a unit just before it filed for protection last year.

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