An application for the winding up of Yuantai Fuel Trading Pte Ltd was filed by Singapore-based defunct oil trading company Hin Leong Trading Pte Ltd, on 15 January, according to Thursday (5 February) notice on the Government Gazette.
It noted the winding up application is directed to be heard before the Judge sitting in the General Division of the High Court at 10am on 13 February.
Any creditor or contributory of the company desiring to support or oppose the making of an order on the winding up application may appear at the time of hearing by himself or his counsel for that purpose.
A copy of the winding up application will be furnished to any creditor or contributory of the company requiring the copy of the winding up application by the solicitors of the applicant’s, Incisive Law LLC, on payment of the regulated charge for the same.
The Applicant’s address is 1 Playfair Road, Singapore 367981.
The Applicant’s solicitors are Drew & Napier LLC of 10 Collyer Quay #10-01 Ocean Financial Centre Singapore 049315.
According to SGP Business website, the company’s principal activity is the wholesale of fuels and related products.
According to a report by The Business Times in November 2023, Yuentai Fuel Trading was mentioned during Hin Leong founder Lim Oon Kuin’s cross examination over his role in the company.
Prosecutors questioned if Lim had handled Hin Leong’s trades with two companies, Yuantai Fuel Trading and Daxin Marine, in 2018 and 2019 to which Lim replied that he was only involved in oil deals that were “going to certain places”.
Manifold Times previously reported the 50-day trial involving Lim, also known as OK Lim, and his two children approached its conclusion with the trio agreeing to pay USD 3.5 billion to the liquidators of tHin Leong Trading.
In November 2024, Lim, also known as OK Lim, was sentenced to 17 years and six months in jail on three charges of cheating and forgery at the State Courts of Singapore after a lengthy trial.
An extensive coverage by Singapore bunkering publication Manifold Times regarding the fall of Hin Leong can be found below:
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Related: Application to wind up Hin Leong Trading subsidiary, Hin Leong Marine approved
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Related: Lim family aims to wind up Hin Leong Trading subsidiary, Hin Leong Marine
Related: Judicial Managers of Hin Leong Trading Pte Ltd file for winding up order
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Related: O.K. Lim and two children sued for USD 3.5billion; receiver appointed for 3 Xihe ships
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Related: Hin Leong Trading lawyers publish application to fulfill requirements for hearing to proceed
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Related: PwC probes uncover mass grave of financial skeletons and alleged fraud within HLT
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Related: Ocean Tankers: Notice to prove debt or claim published by interim judicial managers
Related: ‘Reasonable prospects’ to keep Ocean Tankers as a going concern, states Director
Related: Singapore: Ocean Tankers, a separate entity of Hin Leong, seeking judicial management
Related: Singapore High Court concedes interim judicial management to Hin Leong Trading
Related: Sembcorp commences legal proceedings against Hin Leong Trading over gasoil cargo
Related: Sembcorp Cogen aborts gasoil supply and storage contract with Hin Leong Trading
Related: Report: Sinopec expresses interest in Hin Leong Trading stake of Universal Terminal
Related: Report: Hin Leong Trading appoints PwC as interim judicial manager
Related: Singapore’s Police Force commence investigations into Hin Leong Trading
Related: Report: Hin Leong Trading founder gave instructions to hide USD 800 million losses
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Photo credit: Sora Shimazaki on Pexels
Published: 6 February, 2026
