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Restructuring proposed for Hin Leong shipping arm Ocean Tankers
Talks to start next week on whether Lim family and Xihe Group will support plan
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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 (S$3.72 billion) allegedly stems 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 Tuesday night with the High Court.
