Union Gas Holdings

Union Gas says a listing on the Mainboard would provide the company with greater visibility and recognition in the market.

The company saw its share price leap to 93 cents on May 31, 6.3% higher than its previous close of 87.5 cents.

Union Gas' Cnergy fuel station could be converted to provide alternative energy sources such as hydrogen and electricity.

The strategic partnership marks the first overseas foray for the fuel products provider.

The collaboration aims to develop an "innovative, adaptable and sustainable multi‐fuels and energy facility".

As at Dec 31 2020, it held cash of $34.2 million, which puts Union Gas in a strong cash position to fund future strategic growth

The new business is not expected to have a material impact on the group’s NTA and EPS for the current FY.

Union Gas Holdings and Union Energy Corporation (UEC) has signed a memorandum of understanding (MOU) to set out a framework for the potential acquisition of UEC’s assets.

SINGAPORE (Jan 10): Jeff Cheong Wei Xiong of CWX Global is no longer a substantial shareholder of the company he chairs. On Jan 3, via a married deal, Cheong sold 140 million shares at 0.5 cent each, cutting his stake from 7.25% to 3.66%.

SINGAPORE (June 24): Union Gas Holdings is assessing and monitoring the impact of disruption to the supply of bottled LPG cylinders from Summit Gas Systems.