Singapore court appoints supervisor for Lim family's Xihe Holdings

Singapore court appoints supervisor for Lim family's Xihe Holdings

Oil tanker at sunset. Credit: Flickr/rabiem22

The Singapore High Court has appointed Grant Thornton Singapore as the supervisor of Xihe Holdings Pte Ltd and four of its subsidiaries, a source with knowledge of the matter said on Thursday.

The court decision followed an application by Oversea-Chinese Banking Corporation Ltd (OCBC) to place Xihe Holdings and the subsidiaries under the business adviser’s supervision.

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