Hin Leong founder Lim Oon Kuin, his son Evan Lim and daughter Lim Huey Ching have this week agreed to settle a $3.5bn civil case brought against them by the liquidators of their failed oil trading and tanker empire.
The catch is that the Lims have said they will be filing for bankruptcy as they do not have enough assets to settle all the claims that have been filed against them since the collapse of their oil trading and tanker empire in April 2020.
