SINGAPORE - Singapore port operator Jurong Port has completed its acquisition of shares in a major oil storage terminal which was the crown jewel of assets held by the Lim family of collapsed oil trader Hin Leong.
A spokesman for Jurong Port confirmed to The Straits Times on Friday afternoon (March 19) that its purchase of a 41 per cent stake in Universal Terminal has been completed. The terminal on Jurong Island was among the biggest oil and shipping assets owned by former oil tycoon Lim Oon Kuin, better known as O.K. Lim, his son Evan Lim Chee Meng and daughter Lim Huey Ching.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
