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Hin Leong judicial managers to hold meeting of creditors to discuss fees incurred

According to the notice in the Government Gazette, the meeting will be held electronically on 13 January 2021 at 3.00pm pursuant to COVID-19 safety measures.
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6 years ago

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A notice was published in the Government Gazette on Monday (4 January) regarding a meeting of creditors by the Judicial Managers of Hin Leong Trading Pte Ltd. 

According to the notice, the creditors meeting will be held by electronic means on Wednesday, 13 January 2021 at 3.00pm pursuant to COVID-19 safety measures.

The agenda for the meeting is as follows: 

  • To update on the status of the judicial management;
  • To approve the fees incurred by the Interim Judicial Managers and their solicitors during the interim judicial management period details of which are set out in the 2nd Affidavit of Goh Thien Phong filed on 18 September 2020 in HC/OS 417/2020 exhibiting the Judicial Managers’ costs schedule, and to authorise the payment of such fees and reasonably incurred disbursements out of the assets of the Company, subject to the approval of the Court;
  • To approve the fees incurred and likely to be incurred by the Judicial Managers and their solicitors during the judicial management period up till the end of the current judicial management (i.e. 3 February 2021) details of which are set out in the 2nd Affidavit of Goh Thien Phong filed on 18 September 2020 in HC/OS 417/2020 exhibiting the Judicial Managers’ costs schedule, and to authorise the payment of such fees and reasonably incurred disbursements out of the assets of the Company, subject to the approval of the Court;
  • Any other business.

Additional details on the meeting are as follows:

  • The meeting will be conducted electronically via Webex and voting at the meeting will be conducted using Webex’s polling function. Further details of the alternative arrangements relating to attendance and voting at the meeting via electronic means (including the arrangements by which the meeting can be electronically accessed via live audio-visual webcast, e.g. meeting ID and password details as well as the link to access the live audio-visual webcast), will be sent by email to the email addresses specified in Form A subject to receipt and verification by the Judicial Managers of the proxy form and Form A.
  • Forms of general and special proxies and Form A have been dispatched. Proxy forms and Form A must be lodged with the Judicial Managers by no later than Tuesday, 12 January 2021, 5.00pm (SG time) by post to Hin Leong Trading (Pte) Ltd (Under Judicial Management) c/o PricewaterhouseCoopers Advisory Services Pte Ltd, 7 Straits View, Marina One, East Tower Level 12, Singapore 018936 or by email to [email protected].
  •  Creditors may send any questions or other relevant matters that the creditors wish to raise at the meeting by way of email to the email address above by Friday, 8 January 2021, 5.00pm (SG time).
  • To be entitled to vote at the meeting, creditors must lodge a proof of debt with the Judicial Managers, if not previously lodged, by post or by email to above stated addresses by no later than Friday, 8 January 2021, 5:00pm (SG time).

Related: Hin Leong judicial managers and legal firms could rack up SGD 17.3 million in fees
Related: Bank of China takes legal action against BP Plc and Lim family to recover $312.9 million
Related: Hin Leong Trading founder denies allegations of forgery put forward by HSBC
Related: HSBC takes Lim family and Hin Leong employee to court to recover USD 85.3 million


Photo credit: Peter-Nguyen
Published: 5 January, 2021

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Winding up

Singapore: High Court to hear Norvic Shipping Asia winding up application on 31 July

Application for the winding up of Norvic Shipping Asia Pte Ltd was filed by Netherlands-registered Mur Shipping BV on 8 April, according to Government Gazette notice.
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16 hours ago

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July 22, 2026

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RESIZED singapore high court

An application for the winding up of Norvic Shipping Asia Pte Ltd was filed by Netherlands-registered Mur Shipping BV on 8 April, according to a Tuesday (21 July) notice on the Government Gazette.

It noted the winding up application is directed to be heard before the Judge sitting in the General Division of the High Court at 10am on 31 July.

Any creditor or contributory of the company desiring to support or oppose the making of an order on the winding up application may appear at the time of hearing by himself or his counsel for that purpose.

A copy of the winding up application will be furnished to any creditor or contributory of the company requiring the copy of the winding up application by the solicitors of the applicant’s, Oon & Bazul LLC, on payment of the regulated charge for the same.

The Applicant’s address is Hiridostraat 5, Gebouw Prismatrium, 1101CW Amsterdam, The Netherlands.

The Applicant’s solicitors are Oon & Bazul LLC of 103 Penang Rd, #04-04/05/06 Singapore 238467. 

Queries on the winding up application may be directed to the following email addresses: [email protected] and [email protected].

 

Photo credit: Manifold Times
Published: 22 July, 2026

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Legal

Singapore withdraws remaining 127 charges against Hin Leong founder OK Lim

Lim Oon Kuin, also known as OK Lim, was issued a stern warning and a district court granted him a discharge amounting to an acquittal for these charges on 17 July.

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Published

2 days ago

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July 21, 2026

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RESIZED Sora Shimazaki on Pexels

Founder of collapsed oil trader Hin Leong Trading, Lim Oon Kuin, also known as OK Lim, has had the remaining 127 charges against him withdrawn, according to The Straits Times on Monday (20 July). 

OK Lim was issued a stern warning and a district court granted him a discharge amounting to an acquittal for these charges, including those for cheating, on 17 July. The discharge means Lim cannot be prosecuted again for the same offences.

Lim, 84, is currently serving a 13½-year prison sentence after the High Court reduced his original 17½-year jail term in March 2026. He was convicted in 2024 on two cheating charges and one count of abetting forgery in a case prosecutors described as one of Singapore’s most serious trade finance frauds.

Lim was convicted in May 2024 of two charges of cheating the Hongkong and Shanghai Banking Corporation (HSBC) and one count of abetting forgery that proceeded to trial out of a total of 130 criminal charges.

He was first charged in court on 14 August 2020, and was subsequently handed further charges in court on 25 September 2020, 30 April 2021 and 24 June 2021 for his role in perpetuating fraud on various financial institutions. 

A total of 130 charges were eventually brought against him for cheating and forgery-related offences.

Related: Singapore: Hin Leong Founder OK Lim gets jail term slashed to 13.5 years

 

Photo credit: Sora Shimazaki
Published: 21 July, 2026

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Winding up

Singapore: Coastal Logistics Pte Ltd to be wound up voluntarily

Coastal Logistics was reportedly affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd.

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Published

2 days ago

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July 21, 2026

By

RESIZED Drew Beamer

Several resolutions for Coastal Logistics Pte Ltd were made during an extraordinary general meeting held on 14 July, according to a notice in the Government Gazette on Friday (4 July).

The following resolutions were duly passed during the meeting:

As Special Resolution

  • That it has been proved to the satisfaction of the meeting that the Company cannot by reason of its liabilities continue its business and accordingly the Company be wound up voluntarily pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018 (No. 40 of 2018);

As Ordinary Resolutions

  • that Mr. Wong Pheng Cheong Martin and Ms. Koay May Yee, both care of FTI Consulting (Singapore) Pte Ltd, One Raffles Quay, #27-10 South Tower, Singapore 048583 be appointed as the joint and several Liquidators of the Company for the purpose of such winding up; and
  • that the Liquidators be at liberty to open, maintain and operate any bank account(s) or account(s) for monies received by them as Liquidators with such bank(s) as they deem fit; and
  • that a Committee of Inspection will not be formed.

Manifold Times previously reported Nicholas James Gronow, director of Heng Tong Fuels & Shipping and Coastal Logistics, filed statutory declarations for both companies stating the firms cannot continue their businesses due to liabilities.

Both companies were reportedly affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd. 

In 2019, several vessels owned by both firms entered the sale & purchase (S&P) market in Singapore.

Related: Singapore: Director declares Heng Tong Fuels & Shipping’s inability to continue business
Related: Heng Tong Fuels & Shipping in court over DBS Bank bunker tanker loan
Related: Singapore: Bunker tanker “Coastal Neptune” arrested
Related: Heng Tong Fuels & Shipping, Coastal Logistics tankers enter S&P market

 

Photo credit: Drew Beamer
Published: 21 July, 2026

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