Restructuring proposals made for Hin Leong shipping arm allegedly exposed to US$2.67bn in claims: EY

Ocean Tankers' oil storage and lubricant processing business can also be run as a standalone business. PHOTO: SCREENGRAB FROM GOOGLE MAPS
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SINGAPORE - Restructuring proposals have been made for embattled Hin Leong Trading's shipping arm Ocean Tankers, whose exposure to potential claims of US$2.67 billion stem in part from its dealings with the oil trader.

Ernst & Young (EY), the court-appointed interim judicial manager for Ocean Tankers, is due to start talks with Hin Leong founder Lim Oon Kuin and his family, according to a report filed late last night with the High Court. (July 7)

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