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Mystery of China energy giant that came from nowhere deepens

CEFC had holdings that spanned the Middle East to Africa and Europe, including everything from oil ventures to a soccer team and even a brewery.


CEFC China Energy Co's rapid ascent was shrouded in mystery and the turmoil that has engulfed the company over the past week is no different. Just six months ago, CEFC called itself China's largest private oil and gas company, with 50,000 employees and a revenue of more than US$...