THE Singapore High Court has granted HSBC Holdings' application to place ZenRock Commodities Trading under judicial management . KPMG's Martin Wong, Bob Yap and Toh Ai Ling were named the interim judicial managers over the troubled oil trader, following a virtual.
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Oil trader Zenrock placed under interim judicial management after HSBC court filingSINGAPORE - HSBC Bank, supported by four other lenders, on Friday (May 8) succeeded in getting the High Court to place oil trader Zenrock Commodities Trading under interim judicial management.. Read more at straitstimes.com. A q q a q
Source: The Straits Times - 🏆 8. / 63 Read more »
Singapore oil trader ZenRock involved in 'dishonest' deals, says HSBCSINGAPORE (BLOOMBERG) - HSBC Holdings alleged Singapore oil trader ZenRock Commodities Trading Pte Ltd was involved in a series of 'highly dishonest transactions' that included the company using the same cargo of oil to obtain more than one loan from banks, according to court documents seen by Bloomberg.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »