Hin Leong Trading seen as a company without an independent future

The alleged fraud at Singapore-based Hin Leong Trading has definitively killed off the oil trading company, which is seen as having no possibilities of an independent future, according to an accountant report, writes Reuters.

Photo: Edgar Su/REUTERS / X90125

Singapore's Hin Leong Trading has no future as an independent company, concludes accountant firm PricewaterhouseCoopers, PwC, in a report seen by Reuters.

The report was presented as part of the trial that is taking place at Singapore's High Court, and it confirms the doubts that arose in the immediate wake of the spectacular collapse of the family-owned business two months ago.

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