What does the assets freeze order mean for Hin Leong's Lim family and creditors?

Hin Leong founder O.K. Lim arriving at the State Courts on April 30, 2021. ST PHOTO: KELVIN CHNG
New: Gift this subscriber-only story to your friends and family

SINGAPORE - The judicial managers' legal win on Friday (May 21) is a significant development in the light of millions of dollars worth of assets the Lim family has sold in recent months.

The injunction means that the Lim family will not be able to dispose or deal with their assets of up to US$3.5 billion (S$4.66 billion), except for certain exceptions such as expenditure for living expenses and legal fees.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.