The introduction to April 2020's "China’s Sinopec in talks to buy stake in Hin Leong’s Singapore terminal: Sources":
Talk about a strategic asset, strategically located: SINGAPORE, DO NOT ALLOW THIS!!
I don't do the "Set caps on lock: Fire" thing (with two exclamation points) all that often but this is serious oil and shipping infrastructure, 20% of the tank farm capacity of Cushing Oklahoma but with space for some very large oil tankers to berth.
Via AsiaOne, February 9:
Government-owned Jurong Port is set to take over the shares in a major oil storage terminal held by the Lim family behind collapsed oil trader Hin Leong, three sources with knowledge of the matter told Reuters.
The deal marks the sale of the crown jewel among oil and shipping assets owned by oil tycoon Lim Oon Kuin, better know as O.K. Lim, his son Evan Lim Chee Meng and daughter Lim Huey Ching.
It comes nearly a year after Hin Leong, once Asia's largest oil trader, racked up some US$4 billion (S$5.3 billion) in debt and entered court restructuring, followed by Ocean Tankers and Xihe Group also owned by the Lim family....
....MUCH MORE
Know what I'm sayin' bruh?
