Following the hearing for Hontop Energy to be placed under judicial management last Monday (7 September), the Singapore High Court on Friday (11 September) published a notice of judicial management.
The application was filed by CIMB Bank Singapore on 15 June, 2020 as the bank looked to recover USD 105 million from Hontop and accused the company of fraudulent conduct.
The details for the procedure were published in the Government Gazette as follows:
Name and address of Judicial Managers:
LIN YUEH HUNG AND OON SU SUN
c/o RSM Corporate Advisory Pte Ltd
8 Wilkie Road
#03-08 Wilkie Edge
Rajah & Tann Singapore LLP
9 Straits View #06-07 Marina One West Tower, Singapore 018937
Solicitors for the Applicant
Related: Hearing date set for Hontop Energy to be placed under judicial management
Related: CIMB requests for Hontop Energy restructuring amid suspicious transactions with BP
Related: Argus Media: Hontop Energy fraud allegations add to Singapore trading woes
Related: BP Singapore oil traders on leave over being named in Hontop Energy fraud allegations
Photo credit: Manifold Times
Published: 14 September, 2020
The representative was providing clarification to a query from Manifold Times when asked if the bunkering licenses of the Hin Leong Trading affiliated company have been permanently revoked.
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Event welcomed over 1,100 attendees from 42 countries; delegates visited virtual booths about 4,800 times; while around 5,800 connections were made, according to data from organiser Informa.
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