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.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply