5, Jalan Bangsar Utama 1, 59000 Wilayah Persekutuan, Wilayah Persekutuan Kuala LumpurCompany registration number ( 1305569-P ), Director of Legal, Corporate & Government. By Roslan Khasawneh and Florence Tan. By Florence Tan and Anshuman Daga SINGAPORE, Oct 19 (Reuters) ... (PwC), the Lim family and their lawyer also did not immediately respond to a request for comment. Florence Tan HR Manager, Schaeffler. Dividends totalling $90 million were paid to shareholders of Hin Leong in the financial years that ended October 2018 and October 2017, PwC said. It needs to restructure debts of about $3.5 billion and as part of the judicial management process, PwC is running its affairs. All quotes delayed a minimum of 15 minutes. (Repeats earlier story for wider readership with no change to text), * Hin Leong “grossly overstated” assets value by at least $3 bln, * $808 mln in derivative losses hidden by overstating gains, * “Has no reasonable prospect of being restructured” on its own, * Hin Leong should be combined with other firms owned by Lim family. The main challenge for companies is understanding the needs and circumstances of employees who themselves are diverse in all of the traditional measures, but also are affected by widely varying life, work and family conditions. Sacked PwC accountant who was jailed for drunkenly groping a sleeping woman's breasts aboard BA flight then hurling his hard back book at her face when she rejected him is … This way, I can still do what I’m passionate about, which is … Progress on diversity and inclusion could slow down during and after the Covid-19 pandemic crisis. PwC is proposing that Hin Leong be merged with other companies either fully or partly owned by the ... (Additional reporting by Florence Tan. Editing by Carmel Crimmins. In its report, PwC said it had found evidence to suggest that Hin Leong had hidden about $808 million in losses from derivatives trading over the past ten years by overstating derivatives gains by as much as $2.1 billion. Florence Tan. SINGAPORE, June 23 (Reuters) - Singapore’s Hin Leong Trading (Pte) Ltd has no future as an independent company after it “grossly overstated” the value of its assets by at least $3 billion, according to a preliminary report prepared by a court-appointed supervisor. View Florence Suen’s profile on LinkedIn, the world’s largest professional community. SINGAPORE, Sept 29 (Reuters) - Italy's UniCredit SpA CRDI.MI has sued Hin Leong Trading Pte Ltd over a … This way, I can still do what I’m passionate about, which is CR, and spend time with my two children. Urgent measures are required for companies to adapt to new ways of working; consolidate workforce capacity; and maintain productivity, a sense of connection, and the physical and mental health of their employees. Global Mobility Services is part of PwC's People & Organisation practice which brings together an un-matched combination of 10,000 people with industry, business, talent, strategy, HR, analytics and technology expertise in one team across 138 countries. Additional reporting by Florence Tan. Illustration - Credit: ... (PwC), the Lim family and their lawyer also did not immediately respond to a request for comment. See here for a complete list of exchanges and delays. Lim admitted in a court document filed earlier this year to directing the firm not to disclose hundreds of millions of dollars in losses over several years. Hin Leong also “fabricated documents on a massive scale” to give the impression that customers were paying the company, helping to inflate its accounts receivables and secure financing. In the report filed this week in Singapore’s High Court and reviewed by Reuters, the interim judicial managers from PricewaterhouseCoopers Advisory Services Pte. By Roslan Khasawneh and Florence Tan. Dividends totalling $90 million were paid to shareholders of Hin Leong in the financial years that ended October 2018 and October 2017, PwC said. SINGAPORE (Reuters) - The court-appointed manager for Ocean Tankers Pte Ltd has applied to the Singapore court to return most of the ships the company manages to the shipowners, as cash is running low and Ocean Tankers will not be able to maintain the fleet, two sources with knowledge of the matter told Reuters. “PwC provides me work-life balance by allowing me to take on a FWA where I work four out of five days in a week. PwC said in reference to the letters of credit from lenders that these "transactions were not entered into for any commercial benefit to the Company (Hin Leong) except for the sole purpose of raising liquidity to pay loans that were or were becoming due and payable". A spokesman for Rajah & Tann, the legal adviser to the interim judicial managers, declined comment. Hin Leong and PwC did not immediately respond to emailed requests for comment. The investors include state-owned enterprises and other companies from China and regional or global traders in oil and gas, PwC said. B y Roslan Khasawneh and Florence Tan. PwC is facilitat-ing the programme there for the third year. Universiti Teknologi Malaysia. FLORENCE TAN. PwC, +1 more. Florence Tan, corporate responsibility manager. SINGAPORE (Reuters) - Italy's UniCredit SpA has sued Hin Leong Trading Pte Ltd over a letter of credit, court … Diverse & Inclusive (D&I) initiatives have gone beyond box-checking. PwC said in reference to the letters of credit from lenders that these “transactions were not entered into for any commercial benefit to the Company (Hin Leong) except for the sole purpose of raising liquidity to pay loans that were or were becoming due and payable”. Florence Tan People Business Leader ... Corporate Responsibility Senior Manager at PwC. CHEN FONG TUAN. There are 200+ professionals named "Florence Tan", who use LinkedIn to exchange information, ideas, and opportunities. By Florence Tan and Anshuman Daga. This was their third program for this year and we were grateful to have Florence Tan, Corporate Responsibility, Wellbeing and Diversity & Inclusion Lead of PwC, Wong Ee Laine, Corporate Communications Manager, and Chin Chion Shyuan, Senior Product Manager of Johnson & … Additional reporting by Florence Tan. See the complete profile on LinkedIn and discover Florence’s connections and jobs at similar companies. On 23 April, our Corporate Citizenship Committee (CCC) members organized a program looking at mental health at work. Lim, and his son Lim Chee Meng, who is also known as Evan Lim, and daughter Lim Huey Ching. PwC added that it will continue its investigations after submitting this report. View the profiles of professionals named "Florence Tan" on LinkedIn. Hin Leong currently has liabilities of $3.5 billion and assets of $257 million and PwC said that on its own, the company “has no reasonable prospect of being restructured or rehabilitated”. According to Florence Tan, Corporate Responsibility (CR) and Internal Communications Manager, “PwC provides me work-life balance by allowing me to take on a Flexible Work Arrangement where I work four out of five days in a week. Lihat profil lengkap di LinkedIn dan terokai kenalan dan pekerjaan Florence di syarikat yang serupa. Florence menyenaraikan 2 pekerjaan pada profil mereka. C-Suite/C-Level executives including CEO, MD, Chiefs, VPs, AVPs, Directors, GMs, Heads, Managers, Leaders of; Talk to us: +603-2721-4361, +603-2721-4362, Location: Menara UoA Bangsar, A-17-10 No. Kuala Lumpur. See the complete profile on LinkedIn and discover Florence’s connections and jobs at similar companies. Florence menyenaraikan 2 pekerjaan disenaraikan pada profil mereka. Unsere Werte: Die Thomson Reuters Trust Principles. Davinder Singh Chambers LLC and nTan Corporate Advisory Pte Ltd, the Lim family’s legal and financial advisors respectively, did not immediately respond to emailed requests for comment. PwC is proposing that Hin Leong be merged with other companies either fully or partly owned by the Lim family including Ocean Tankers ... (Additional reporting by Florence Tan. Join us on Tuesday, April 23, 2019 from 2:30 p.m. - 3:30 p.m (Registration starts at 2:00 p.m.) at AMCHAM's New Executive Office for an exciting session by our Corporate Citizenship Committee members - Florence Tan, Corporate Responsibility, Wellbeing and Diversity & Inclusion Lead of PricewaterhouseCoopers (PwC), Wong Ee Laine, Corporate Communications Manager and Chin Chion … and role play activities,” says Florence Tan, corporate responsibility lead at PwC Malay-sia who is also a facilitator herself at SMK (P) Methodist Kuala Lumpur. PwC has been consistently voted as a leading tax practice in surveys conducted by the International Tax Review. (Reporting by Roslan Khasawneh and Florence Tan; editing by Jason Neely) Editing by Carmel Crimmins.) Two sources close to the matter confirmed the findings, which were based on documents and interviews with Hin Leong employees in a two-month investigation into its finances and trading activities. View Florence Li’s profile on LinkedIn, the world's largest professional community. Florence Tan Corporate social responsibility manager PwC Samuel Wee General manager, business operations REV Asia Dr Jaclyn Lee Senior director, hr & organisational development Singapore University of Technology and Design Cilia Rasasegram Chief experience officer The Employee Experience We are grateful to have had renowned business and HR leaders – Azran Osman-Rani of Naluri, Derek Toh of WOBB, Florence Tan of PwC, and our very own Christophe Lejeune – sharing their experience and taking questions from the crowd on topics ranging from recruitment to onboarding to employee engagement to diversity to business performance. “The overstatement existed to conceal significant losses that the Company (Hin Leong) had accumulated over the years,” PwC said in the report. That “eureka” moment when partic-ipants understand what facilitators are trying to … Florence has 3 jobs listed on their profile. In addition, companies need to navigate far-reaching disruption to their operations, plan for recovery, and prepare to reimagine their business models for the next normal. PwC added that it will continue its investigations after submitting this report. Lihat profil lengkap di LinkedIn dan terokai kenalan dan pekerjaan Florence di syarikat yang serupa. Chief Strategy & Innovation Officer Sime Darby Plantation. Lihat profil Florence Tan di LinkedIn, komuniti profesional yang terbesar di dunia. See the complete profile on LinkedIn and discover Florence’s connections and jobs at similar companies. Editing by Carmel Crimmins.) 3 Min Read (Repeats story published on Tuesday with no changes to text) * PwC identified "at least 18" letters of credit linked to such deals ... By Roslan Khasawneh, Florence Tan. View Florence Tan’s profile on LinkedIn, the world's largest professional community. DR. SHARIMAN ALWANI. Country HR & General Affairs Director Samsung Electronics. PwC is proposing that Hin Leong be merged with other companies either fully or partly owned by the Lim family including Ocean Tankers (Pte) Ltd (OTPL), which is also under judicial management, Xihe Group which owns a fleet of tankers, Universal Group Holdings (UGH) and oil terminal Universal Terminal to create an integrated petroleum trading platform. HITESH R. Global Motivational … It added that it was holding informal discussions with potential investors to assess their interest in Hin Leong and its subsidiaries Ocean Bunkering Services Pte Ltd and Hin Leong Marine International Pte Ltd. Lihat profil Florence Tan di LinkedIn, komuniti profesional yang terbesar di dunia. (Additional reporting by Florence Tan. By Roslan Khasawneh and Florence Tan ... from PwC, which was brought in as judicial manager of Hin Leong after it was unable to repay bank loans of nearly $4 billion. Yet, leaders are aware that they are not doing enough. Corporate Responsibility and Wellbeing Lead PwC. Florence has 1 job listed on their profile. Florence has 5 jobs listed on their profile. PwC added that it will continue its investigations after submitting this report. “However, there may be some prospect of restructuring if the Company is put together with other companies in the Hin Leong Group with the support and cooperation of the Lim Family,” the report said. Florence Tan and Anshuman Daga. Diversity & Inclusion 2020 Malaysia Summit, 24th - 25th November 2020 | Virtual Conference, Recruiting and Staffing, Talent Acquisition. Hin Leong’s founder O.K. This event aims at unlocking the power of D&I as an enabler of business performance, innovation, resilience and organizational health. Our Standards: The Thomson Reuters Trust Principles. Leaders understand that creating and maintaining a welcoming and inclusive culture makes talented people want to join and stay. All rights reserved. (Reporting by Roslan Khasawneh and Florence Tan; editing by Jason Neely) D&I cultures are providing companies with a competitive edge over their peers. “The proposed restructuring will require the commitment and co-operation of the Lim Family to inject their personal assets (including but not limited to their shares held in OTPL, Xihe Group, UGH and Universal Terminal),” according to the report. Ltd (PwC) said they had found a significant number of irregularities in the Singapore oil trader’s finances. Hin Leong is owned by its founder Lim Oon Kuin, a Singaporean in his 70s widely known as O.K. PwC said in reference to the letters of credit from lenders that these "transactions were not entered into for any commercial benefit to the Company (Hin Leong) except for the sole purpose of raising liquidity to pay loans that were or were becoming due and payable". Additional reporting by Florence Tan. PwC added that it will continue its investigations after submitting this report. The accountancy firm said that as of Oct. 31, 2019, Hin Leong had overstated its assets, including at least $2.23 billion in accounts receivables, unlikely to be recovered, and $800 million in inventory shortfalls. SINGAPORE, Sept 29 (Reuters) - Italy's UniCredit SpA * PwC identified "at least 18" letters of credit linked to such deals. (Reporting by Roslan Khasawneh and Florence Tan; editing by Jason Neely) Hin Leong, one of Asia’s largest oil traders, was placed under so-called judicial management in April after banks demanded repayment of loans as oil prices crashed and the coronavirus swept across the globe. Copyright © 2009-2019 3novex. Our Standards: The Thomson Reuters Trust Principles. Editing by Carmel Crimmins. Editing by Carmel Crimmins. October 19, 2020. With more than 250 tax professionals and directors, we help individuals, businesses, both public and private organisations, with tax strategy, planning and compliance. 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