"When CAO was struggling to get through its financial difficulties, both BP and Temasek Holdings coughed up capital to take stakes in the company. Today, BP holds a 20% stake in the company, for which it paid US$44m. That stake is now worth about $337m."
"Lim(chairman of CAO(S)) says shareholders can expect more from the company in the future as it rebuilds itself. 'we are preparing to embark on the second core business of trading of oil products,' Lim says, adding that the company is still working with CNAF (China National Aviation Fuel Holding) and BP to identify suitable assets for injection into CAO."