The assets under discussion also include the bottling plants and land at 43 Jalan Buroh and 2D Jalan Pesawat, as well as the entirety of the LPG distribution business and its support infrastructure.
SINGAPORE (June 17): Union Gas Holdings and Union Energy Corporation (UEC) has signed a memorandum of understanding (MOU) on Wednesday to set out a framework for the potential acquisition of UEC’s assets in its LPG distribution, bottling, and storage businesses.
The assets include shares in Sembas (Asia) Trading (Sembas), Semgas Supply (Semgas), and Summit Gas Systems (Summit), collectively known as the potential target companies.
