Union Gas: Expands Into Commercial Segment, Grows Domestic Distribution Network Via 2 Acquisitions.

20 Mar 2018 13:11

Proposed acquisition of U-Gas Pte. Ltd for a consideration of S$9.2 million. Proposed acquisition of non-contractual domestic customer relationships from Semgas Supply Pte. Ltd. for a consideration of S$2.4 million. Both acquisitions are expected to enhance shareholders' value in the mid- to long-term and will be satisfied via cash as well as allotment and issue of ordinary shares...

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