Chinese refiner Hengli, sanctioned by US, restructures Singapore unit, sources say - Reuters

<a href="https://news.google.com/rss/articles/CBMiywFBVV95cUxNd1dCcGhHS0pUYlZYb0JEaExhZThNdlQzYWktcllFdlBUUFM1WkR4cVhpSmwyMk9XdF9MbVpDeV9HS1l2SjVnRTZjbnE2Q0ZybmxERXlQX1FsZjVMNTFZVERfZ2ZST2ctZmw5blBSOTIyM3AwZXo2U3ZsTnZRYnNpaV9tanpvTWR0cWxhcFZFamZzbVJxTnhKOU5Xem40OWttMDJqdk1KZFdHY19MWVJJamJqNE5QbmV2ZXNUa3BGWW8yUGF3dHpwOXdqVQ?oc=5" target="_blank">Chinese refiner Hengli, sanctioned by US, restructures Singapore unit, sources say</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Hengli Group has adjusted the shareholding structure of its Singapore-based trading arm, Hengli Petrochemical International, transferring majority ownership to Dalian Changxing International Trade, a Chinese government-linked entity, following U.S. sanctions on its refining unit over alleged links to Iran.

In response to U.S. sanctions, Hengli Group has restructured its Singapore-based oil trading arm, Hengli Petrochemical International, reducing the stake of its sanctioned refining unit to 5% and transferring majority ownership to a Chinese government-linked trading house.

Hengli Group has restructured its Singapore-based trading arm, Hengli Petrochemical International, following U.S. sanctions on its refining unit, with the majority stake now held by Dalian Changxing International Trade, a Chinese government-linked entity.

Hengli Group has changed the ownership structure of its Singapore-based oil trading arm, Hengli Petrochemical International, after the U.S. sanctioned its refining unit over alleged links to Iran, with the Singapore entity now 95% owned by Dalian Changxing International Trade, a Chinese government-linked trading house.