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Jurong Port eyes stake in Singapore’s troubled Universal Terminal

Singapore’s Jurong Port Pte. Ltd. is reportedly in advanced talks to buy a stake in Universal Terminal, according to Bloomberg. In April, Reuters reported that China Petroleum & Chemical Corporation (Sinopec), Asia’s largest oil refiner, was in talks with financially troubled Hin Leong Trading Pte Ltd to sell its stake in Universal Terminal. Developed at […]

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