Jurong Port completed the acquisition of a 41% stake in Universal Terminal from Lim Family.

Jurong Port, a port operator, completed the acquisition of a 41% stake in Universal Terminal, a petroleum storage terminal operator, from Lim Family. Financial terms were not disclosed. The deal marks the sale of the crown jewel among oil and shipping assets owned by oil tycoon Lim Oon Kuin, his son Evan Lim Chee Meng and daughter Lim Huey Ching.