The liquidation of assets held by Singaporean shipowner and oil trader OK Lim (Lim Oon Kuin) is proceeding quickly, with about 50 out of the Lim family’s 150 barges and vessels already sold, according to Reuters.
The vessels are held by Xihe Capital, one of Lim’s three primary companies, and court-appointed supervisor Grant Thornton has been selling off the company’s VLCCs and oil barges at a rapid pace.
Lim’s business empire collapsed last year amidst allegations of fraud, and he has been charged with abetment of forgery in connection with twoloan app…
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