ABN Amro Files Claims Against Singapore’s Troubled Oil Firm
- Dutch bank among bank creditors that include HSBC, DBS
- Hin Leong Trading seeks creditor protection as oil plunges
This article is for subscribers only.
ABN Amro Bank NV has become the latest lender to make a claim against a Singapore oil trading giant that filed for protection from creditors amid a plunge in oil prices.
The Dutch bank filed applications for charges related to irrevocable letters of credit tied to assets of Hin Leong Trading (Pte) Ltd., according to filings with Singapore’s Accounting and Corporate Regulatory Authority.