Owners of Ailing Energy Trader Hit Back at Critical Report - News Summed Up

Owners of Ailing Energy Trader Hit Back at Critical Report


The family owners of Hin Leong Trading Pte. Ltd. claimed unfair treatment after a report alleged serious irregularities at the distressed energy trader, including a $3 billion-plus overstatement of its assets. The report was filed with a Singapore court earlier this week by interim judicial managers—court-appointed independent administrators—from PricewaterhouseCoopers Advisory Services Pte.


Source: Wall Street Journal June 26, 2020 05:37 UTC



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