(Dec 28): Former tycoon Lim Oon Kuin has been declared bankrupt in Singapore, following the collapse of his oil trading empire. The name of the founder of Hin Leong Trading Pte Ltd and his children Lim Huey Ching and Lim Chee Meng were listed as having been issued a bankruptcy order on Dec 19, the…
A: The conventional wisdom is that though Elvis Presley performed regularly in Las Vegas, especially during the late 1960s and early 1970s, he wasn’t known to be a big gambler. While Elvis spent considerable time in Las Vegas for his legendary performances at the International (later the Las Vegas Hilton, now Westgate), he didn’t have a…
Former oil tycoon Lim Oon Kuin, widely known as OK Lim, and his two children, have been declared bankrupt. The bankruptcy order, made effective on 19 December 2023, was announced in the government gazette on 27 December. The decision follows the family’s consent in September to a judgment of US$3.5 billion (S$4.7 billion) being entered…
Until this morning, it seemed certain that Lilium would cease operations and let go all of its more than 1,000 employees. Founded in 2015, the Munich based electric aircraft startup, had recently failed to secure follow-on funding, and was reaching the point of insolvency. Just before Christmas, the company had to lay off all its…
The National Company Law Tribunal has initiated insolvency proceedings against Hero Electric following a plea filed by the company’s operational creditor Metro Tyres, which has claimed a default of Rs 1.85 crore. And, in keeping with the provisions of the Insolvency and Bankruptcy Code, the tribunal has suspended the Hero Electric board and in its…
Listen to article Lim Oon Kuin, the founder of Hin Leong Trading Pte., and his two children, Lim Huey Ching and Lim Chee Meng, were officially declared bankrupt on December 19, according to a government gazette published on December… Read the original article here
Singapore Oil Mogul Declared Bankrupt After Empire Collapsed Bloomberg Read the original article here
(Bloomberg) — Former tycoon Lim Oon Kuin has been declared bankrupt in Singapore, following the collapse of his oil trading empire. Most Read from Bloomberg The name of the founder of Hin Leong Trading Pte. and his children Lim Huey Ching and Lim Chee Meng were listed as having been issued a bankruptcy order on…
(Bloomberg) — Former tycoon Lim Oon Kuin has been declared bankrupt in Singapore, following the collapse of his oil trading empire. Most Read from Bloomberg The name of the founder of Hin Leong Trading Pte. and his children Lim Huey Ching and Lim Chee Meng were listed as having been issued a bankruptcy order on…
Singapore Oil Mogul Declared Bankrupt After Empire Collapsed Bloomberg Read the original article here