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Media: Major Singaporean oil trader in crisis talks with banks

Oil trading major Hin Leong allegedly met with a number of its creditors this week to obtain liquidity, several media report. The group owns one of the biggest marine fuel suppliers in Singapore.

Archive photo. The picture is of a tanker vessel in Singapore, but has no immidiate relation to Hin Leong. | Photo: Tim Wimborne/Reuters/Ritzau Scanpix

One of the largest suppliers of bunker fuel in Singapore reportedly held crisis meeting with its banks this week.

Tuesday, the major oil trading group Hin Leong is said to have met virtually with a several lenders to discuss the company's financial situtation.

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