As local oil trading firm Hin Leong winds up after nearly six decades of operation, it is difficult not to see this moment as the end of an era. It marks oil magnate Lim Oon Kuin’s fall from grace as he struggled to ensure sufficient liquidity for his trading operations, thereby triggering the abetment of forgery charges he now faces. To some extent, the episode is also a sign of how the wider investment community is no longer eager to invest or extend funding to industries seen as going against the wider push towards sustainability.

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