Lim family to file for bankruptcy after $3.5bn settlement in Hin Leong liquidation case

Lim Oon Kuin, founder of Hin Leong, along with his children, will pay $3.5bn to liquidators and HSBC following the collapse of the Singapore oil trader. The agreement, reached in Singapore High Court, includes interest and costs, with the family members named in the consent judgements. The 82-year-old former tycoon, known as OK Lim, faces financial repercussions for the company’s demise.

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