Hin Leong Trading files for bankruptcy protection

FINANCIAL TIMES 🔒| Hin Leong Trading, the oil trader founded by one of Singapore’s richest men, has filed for bankruptcy protection as it seeks to restructure debts of almost $4bn. The privately owned company told its lenders on Friday it was planning to make an application under section 211(B) of the Singapore Companies Act, according to people with knowledge of the situation.

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