OCBC files application to place Xihe Holdings under judicial management

OCBC Bank has filed an application with Singapore High Court to place  Xihe Holdings and four of its shipowning units under judicial management, claiming it has lost trust in the company’s management citing alleged fraud at the Xihe owner’s affiliate company Hin Leong Trading earlier this year, Business Times in Singapore reports. Xihe Holdings is owned by Hin Leong …

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