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Banks face major losses on Hin Leong after potential buyers have withdrawn

Banking majors are set to lose big on commodity trader Hin Leong if they cannot find a buyer for the company. Most recently, three potential bidders have withdrawn, reports Bloomberg.
Photo: Colourbox / arkivfoto
Photo: Colourbox / arkivfoto
by SØREN PICO

Several large banks stand to get very little back if they do not succeed in finding a buyer to take over the remnants of collapsed commodity trader Hin Leong.

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