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Singapore Oil Giant Files For Bankruptcy Amid Price War And Coronavirus

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Home Blogs > Business
Apr 20 '20 | By CEO | Views: 47 | Comments: 0

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Hin Leong Trading (HLT), one of Singapore's largest independent oil traders, said that it failed to declare “about $800 million in futures losses over the years,” Reuters reported, citing a court filing dated April 17.

Source: https://www.forbes.com/sites/pamelaambler/2020/04/20/coronavirus-casualty-singapore-oil-giant-files-for-bankruptcy-amid-price-war-and-covid-19/

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