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SINGAPORE, May 24 (Reuters) – Singapore’s High Court has accepted a request to freeze up to $3.5 billion of worldwide assets of Lim Oon Kuin and his two children following the collapse of Lim’s oil trading firm Hin Leong Trading Pte Ltd, the company’s liquidators told creditors in an email reviewed by Reuters.
Court-appointed liquidators of Hin Leong, the Lim family and their lawyers, did not immediately respond to requests for comment on Monday. The Singapore High Court declined to comment.
“Our lawyers will be following up with the next steps in the next few days including to require the Lim Family to disclose their assets on affidavit,” Goh Thien Phong, one of the liquidators wrote in the email sent on Friday to more than 200 creditors of Hin Leong.
The liquidators had asked the Singapore court to freeze the family’s assets worldwide, from multi-million-dollar homes to shares, funds and country club memberships to recover money owed to nearly two dozen banks and other creditors globally. (Reporting by Anshuman Daga and Jessica Jaganathan; Editing by Richard Pullin)
