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Media: Sinopec in talks about Hin Leong's terminal in Singapore

China's Sinopec will buy part of crisis-stricken Hin Leon's oil terminal in Singapore, sources tell Reuters. Negotiations are still at an early stage.

Photo: Darley Shen / Reuters / Ritzau Scanpix/REUTERS / X02935

Chinese energy major Sinopec is allegedly in talks with crisis-stricken Hin Leong Trading to buy a stake in the company's oil terminal in Singapore, reports Reuters citing three sources with knowledge of the transaction.

In relation to the collapse, Hin Leong has informed that the oil group is in talks with a major Chinese oil company for a potential investment.

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