Singapore oil trader Hin Leong owes $3.85b to banks

Singapore oil trader Hin Leong owes $3.85b to banks

FILE PHOTO: Pipelines run down the deck of Hin Leong's Pu Tuo San VLCC supertanker in the waters off Jurong Island in Singapore July 11, 2019. Picture taken July 11, 2019. REUTERS/Edgar Su/Fiel Photo

Singapore oil trader Hin Leong Trading (Pte) Ltd, which has begun talks with lenders to extend its credit facilities, owes $3.85 billion to 23 banks, two industry sources said on Thursday.