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Union Gas launches IPO for Catalist listing

Offer of 60m shares, including 30m vendor units, is at 25 Singapore cents each

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Chief executive Alexis Teo says the IPO is to raise brand awareness and to reward its customers with a chance to take part in the company's growth.

Singapore

BOTTLED gas supplier and compressed natural gas (CNG) provider Union Gas launched its initial public offering (IPO) on the Catalist board on Thursday, with the group planning to use the funds raised to acquire other LPG dealers and also move into the piped natural gas business

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