One of Singapore’s most well-known oil magnates, former tycoon Lim Oon Kuin, the founder of Hin Leong Trading Pte., has fallen from grace drastically after being formally declared bankrupt. His children, Lim Huey Ching and Lim Chee Meng, who were directors of the now-defunct corporation, are also impacted by the December 19, 2024, bankruptcy order. This comes after Hin Leong Trading, a significant participant in the oil trading market, went bankrupt.
The Collapse of an Oil Empire:
Hin Leong Trading was founded as a major player in Singapore’s oil industry, trading a range of oil products, producing lubricants, and running storage facilities. However, the COVID-19 pandemic in 2020 caused a sharp decline in the company’s…
