The group had acquired U-Gas from Union Energy Corporation in 2018 for $9.2 million. It is the subsidiary LPG retail arm that mainly supplies LPG to hawker centres in Singapore.
Union Gas Holdings is proposing to amalgamate two of its wholly-owned subsidiaries, U-Gas and Union LPG into Union LPG. The proposed amalgamation will take effect on Jan 1, 2023.
LPG stands for liquefied petroleum gas.
