Update: Hearing date set for HSBC application to place Zenrock under judicial management

HSBC Holdings Plc’s earlier reported application for Singapore-based oil trading firm Zenrock Commodities Trading to be placed under judicial management has been scheduled for a hearing at 10 am on 13, July according to a notice published by the High Court of Singapore seen by Manifold Times.

Messrs Wong Pheng Cheong Martin, Bob Yap Cheng Ghee and Toh Ai Ling all part of KPMG Services Pte. Ltd. have been nominated, to act jointly and severally, as the Judicial Managers by HSBC.

Related: Zenrock assents to HSBC’s application for it to be placed under judicial management
Related: HSBC accuses Zenrock of fraudulent dealings, files for legal action amid credit concerns
Related: Winson Group and ZenRock Commodities reassure fiscal stability despite Hin Leong fiasco

Photo credit: HSBC
Published: 29 June, 2020