Singapore declares former tycoon Lim Oon Kuin bankrupt after oil empire collapses

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. and his children Lim Huey Ching and Lim Chee Meng were listed as having been issued a bankruptcy order on Dec. 19, the government gazette showed. The younger Lims were both directors at the company.

Leow Quek Shiong and Seah Roh Lin of BDO Advisory Pte. Ltd. are the trustees,…