https://www.reuters.com/article/us-singapore-oil-hontop-cimb-group-hldg-idUSKBN2450TB

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SINGAPORE (Reuters) - Singapore’s High Court has appointed an independent supervisor to oversee the restructuring of trader Hontop Energy. FILE PHOTO: A view of the central business district in Singapore May 24, 2018. REUTERS/Edgar Su - RC19E7B0B580/File Photo. The move came after Malaysian lender CIMB, its biggest creditor, raised concerns about what it described as ‘suspicious’ deals involving oil major BP ( BP.L ), according to an affidavit filed with the court this week and reviewed by Reuters. Hontop, the trading arm of Chinese independent refiner China Wanda Holding Group Co Ltd, is one of four commodity trading firms in Singapore which ran into financial trouble as the oil price cra... Full story

4 July

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