News
ENERGY & OFFSHORE | Staff Reporter, Singapore
view(s)

HSBC to put Singapore trader Zenrock under judicial management

Last month, the trader assured that it was not under financial stress.

HSBC is seeking to place Singaporean trader Zenrock Commodities Trading under judicial management, reports Reuters.

Zenrock trades crude, oil products, and petrochemicals.

Last month, Zenrock reassured its clients that it was not under financial stress after the crash of global oil and fuel prices.

Under judicial management, an independent judicial manager will oversee a company’s operations.

Read more from Reuters.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.