Xihe Holdings placed under IJM, accuses OCBC of 'abuse of process'

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Xihe Holdings placed under IJM, accuses OCBC of 'abuse of process'
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Xihe Holdings placed under IJM, accuses OCBCBank of 'abuse of process'

Hin Leong's Pu Tuo San VLCC supertanker in the waters off Jurong Island in Singapore. Hin Leong was one of Singapore's biggest shipping-fuel suppliers before it went insolvent in April.

After OK Lim resigned from his directorships in Xihe Holdings and Xihe Capital in April, his brother Kenny was appointed executive director for both firms on July 1. He stepped down on July 23, but remains interim chief executive.

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