sought court protection in Singapore<\/span><\/span><\/a> while its bunkering division has stopped selling fuel to many clients in what is the biggest corporate collapse in the Southeast Asian republic for years.<\/p>\n<\/p>\n
Speculation is growing in Singapore that Hin Leong, founded in 1963 by Chinese tycoon OK Lim, could be rescued by a Chinese energy major.<\/p>\n
splash247<\/p>\n","protected":false},"excerpt":{"rendered":"
The Singapore Police Force has opened an investigation into the decline and fall of Hin Leong Trading, a huge oil trader, which owes 23 banks a total of $3.85bn and has admitted covering up losses of $800m over a number of years. Hin Leong and its shipping arm Ocean Tankers have sought court protection in …<\/p>\n","protected":false},"author":1,"featured_media":8377,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[5122,4638,5120,5121,2827,142],"class_list":["post-8376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tanker-news","tag-downfall","tag-hin","tag-investigate","tag-leongs","tag-police","tag-singapore"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/8376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=8376"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/8376\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/8377"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=8376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=8376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=8376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}