China's Hengli to wind up Singapore trade JV with Sinochem

China's Hengli to wind up Singapore trade JV with Sinochem

A man walks past the office building of Sinochem in Beijing, China February 21, 2017. REUTERS/Damir Sagolj - RC1A4AD9BAB0 Photo by Reuters

Privately controlled Chinese refining and petrochemical manufacturer Hengli Group said on Tuesday that Sinochem Group and itself were winding up their Singapore-based joint venture Hengli Oilchem due to business and strategic considerations.

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