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Jurong Port completes purchase of Lim family's stake in Universal Terminal

Reuters
Reuters3/22/2021 9:8 AM GMT+08  • 2 min read
Jurong Port completes purchase of Lim family's stake in Universal Terminal
A port spokesman said Jurong Port had completed the purchase of a 41% stake in Universal Terminal.
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Singapore port operator Jurong Port has completed its acquisition of a stake in a major oil storage terminal in the city-state from the family behind collapsed oil trader Hin Leong Trading, a port spokesman said on Saturday.

The spokesman said government-owned Jurong Port had completed the purchase of a 41% stake in Universal Terminal from the Lim family. He declined to give details on the transaction.

A lawyer for the family did not immediately respond to a Reuters email seeking comment.

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