Hin Leong shipowning affiliates placed under court supervision
The court has approved an application submitted by OCBC Bank to place five Xihe Group entities under the care of interim judicial managers from Grant Thornton Singapore. As a lender to Xihe and Hin Leong, OCBC Bank cited distrust in the owners from the Lim family in its application
The Xihe entities placed under judicial management hold five of a 136-strong fleet owned by the family of Hin Leong’s founder
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