US-Sanctioned Chinese Refiner Hengli Restructures Singapore Unit
China’s Hengli Group Co. has changed the ownership structure of its Singapore-based oil trading arm after the US sanctioned its refining unit, according to people with knowledge of the matter.
By Yongchang Chin, Alfred Cang · Bloomberg
China’s Hengli Group Co. has changed the ownership structure of its Singapore-based oil trading arm after the US sanctioned its refining unit, according to people with knowledge of the matter.