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Media: Port operator assumes control of Lim family's crown jewel

An oil terminal, considered to be the crown jewel of the Lim family's collapsed business empire, is now being taken over by a state-owned port operator in Singapore, sources tell Reuters.

Photo: Edgar Su/Reuters/Ritzau Scanpix

State-owned port operator Jurong Ports in Singapore assumes control of the Lim family's ownership stakes in oil terminal Universal Terminal, reports Reuters, based on sources with knowledge about the matter.

Universal Terminal is considered to be the crown jewel of the Lim family's collapsed Hin Leong empire.

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