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Port company takes over Lim family's stake in oil terminal

Singapore-based port operator Jurong Port has taken over the Lim family's stake in a major oil storage terminal in the city-state, writes Reuters.

Photo: Edgar Su/Reuters/Ritzau Scanpix

Port operator Jurong Port has completed the acquisition of a stake in a major oil storage terminal in Singapore, previously owned by the Lim family.

A spokesperson from the port tells Reuters that state-owned Jurong Port has finalized the purchase of a 41-percent stake in Universal Terminal from the Lim family.

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