![](https://i.imgur.com/CLvY2jA.png")
28-03-2025, 03:45 PM
Yang Kee Logistics: The question isn’t if Yang Kee struggled—It’s what UOB did next
Yang Kee Logistics had financial issues—but that’s not the controversy. The real story is how UOB’s default letter triggered a cross-default chain, blocking refinancing efforts and pushing the group into collapse. TOC breaks down what happened, why it matters, and what questions still remain.
https://www.theonlinecitizen.com/2025/03...-did-next/
Yang Kee Logistics had financial issues—but that’s not the controversy. The real story is how UOB’s default letter triggered a cross-default chain, blocking refinancing efforts and pushing the group into collapse. TOC breaks down what happened, why it matters, and what questions still remain.
https://www.theonlinecitizen.com/2025/03...-did-next/
