Union Gas may buy LPG businesses from parent Union Energy

Singapore

LIQUEFIED petroleum gas (LPG) dealer Union Gas Holdings plans to buy LPG distribution, bottling and storage businesses from substantial shareholder Union Energy Corp, the board has disclosed in a bourse filing.

Catalist-listed Union Gas inked an exclusive, non-binding memorandum of understanding on Wednesday with Union Energy Corp, its sole supplier of bottled LPG cylinders.