Qingdao Port International Terminates Acquisition of Rizhao Shihua
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Qingdao Port International Co., Ltd. has terminated its plan to acquire Rizhao Port Oil Terminal Co., Ltd. and Rizhao Shihua Crude Oil Terminal Co., Ltd. due to Rizhao Shihua's inclusion on the U.S. Specially Designated Nationals List. A termination agreement was reached with Rizhao Port Group, and the company stated that this will not affect its operations or financial condition.
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