Singapore Oil Mogul Declared Bankrupt After Empire Collapsed (1)

Former tycoon Lim Oon Kuin has been declared bankrupt in Singapore, following the collapse of his oil trading empire.

The name of the founder of Hin Leong Trading Pte. and his children Lim Huey Ching and Lim Chee Meng were listed as having been issued a bankruptcy order on Dec. 19, the government gazetteshowed. The younger Lims were both directors at the company.

Lim Oon Kuin leaves the State Courts following a sentencing hearing in Singapore on Nov. 18.

Photographer: Ore Huiying/Bloomberg

Leow Quek Shiong and Seah Roh Lin of BDO Advisory Pte. Ltd. are the trustees, according to the gazette.

At its peak, Hin Leong traded a range of oil products, made lubricants and operated loading ...