Firms Circle Beleaguered Trader Hin Leong

摘要

Companies from Singapore and China are lining up to rescue Hin Leong Trading and its shipping arm Ocean Tankers, which both filed for bankruptcy last Friday. Singapore state investment company Temasek Holdings, jet fuel-trading firm China Aviation Oil (Singapore) (CAO) and Asia’s largest refiner Sinopec are rumored to be among the bidders interested to take a stake in parts or all of tycoon Oon Kuin Lim’s empire.