Hin Leong restructuring viable only when combined with group companies, personal assets: judicial managers – S&P Global

Highlights No reasonable prospects of being rehabilitated on its own Company has assets of $257 million, liabilities of $3.5 billion Evidence of years of account manipulation, forged papers, fictitious profits Singapore Singapore oil trader Hin Leong Trading’s restructuring or rehabilitation will only be viable if it is clubbed with other group companies under the Lim…

GSD questions China deal after UK company goes into liquidation – Gibraltar Chronicle

24th June 2020 The GSD has again voiced concern about the Gibraltar Governments planned joint venture with Chinas Beijing Liujian Construction Group, following reports that a Chinese-owned UK-based company specialising in modular construction has gone into liquidation. The Opposition said the development highlighted weakness in demand for modular construction and undermined Sir Joe Bossanos hopes…