Oriental Co restructured, moving to a new place (10)

I believe the answer is:

relocation

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'moving to a new place' is the definition.
I can't judge whether this defines the answer.

'oriental co restructured' is the wordplay.
'restructured' indicates an anagram (I've seen 'restructuring' mean this).
'oriental'+'co'='orientalco'
'orientalco' is an anagram of 'RELOCATION'.

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I've seen this clue in The Guardian.

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