The strategic partnership marks the first overseas foray for the fuel products provider, and will aid the group in expanding its operations overseas.
Union Gas Holdings has signed a non-binding letter of intent (LOI) with Worldbridge Industrial Developments (WBID) to form a proposed joint venture company (JVCo) for the distribution and supply of liquefied petroleum gas (LPG) in Cambodia on March 10.
Business activities and operations of supplying LPG in Cambodia is expected to take place by the end of 2021.
