Union Gas secures SGX in-principle approval for mainboard transfer

The company has been listed in the Catalist board of SGX since 2017.

Fuel products provider Union Gas has been given its in-principle approval for its transfer to the mainboard by the Singapore Exchange (SGX), subject to shareholders approval in an extraordinary general meeting.

According to the company, the transfer to the mainboard will provide it with greater visibility and recognition in the market and amongst investors and enhance the image and profile of the company both locally and internationally.

Executive director and chief executive officer of Union Gas Teo Hark Piang said the group believes that with larger visibility, it could potentially facilitate the group to better tap into capital markets.

“We believe it will also enhance the Group’s branding and sustainability as it accords the Group with positive mindshare in the market and amongst job seekers. This enables the Group to recruit better talents, strengthen its brand and expand business opportunities.” the CEO added.

Union Gas boasts 40 years of operating experience. Its three key businesses comprise retail liquefied petroleum gas, compressed natural gas, and diesel.