Xihe Group has announced a split with oil trader Lim Oon Kuin, owner of the collapsed oil trader Hin Leong Trading, as it opens “consensual” talks with its main lenders in a corporate restructuring.
Xihe, which controls a fleet of 140 tankers, was the tanker owning affiliate of the Lim-controlled Hin Leong and its shipping company Ocean Tankers.
But in a statement, Xihe said it has parted ways with the Lim family.
