STX Group has moved to quash rumours that it is in the hunt for an oil terminal in Southeast Asia.
The South Korean shipowning and shipbuilding group had been linked with the construction of a new facility in Malaysia.
STX was to seek investors for the terminal which could cost up to KRW 400bn ($344.53m), according to Korea’s Maeil Business Newspaper. The report at the weekend cited industry officials which went unidentified.
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