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Do u all think it been sell off in small to scare people away? Pray for wide spread and lockdown sia
Crap this stock tanked due to the poor decision of certain selfish people
It' s like that one. Look at YangZiJiang, Comfort Delgro, no amount of good news can bring up their prices.
ahberngh ( Date: 10-Sep-2021 16:40) Posted:
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our world class market is like that one lah.
Good news drop, bad news drop even more.
Bravo SGX.
Good news drop, bad news drop even more.
Bravo SGX.
daffytlh ( Date: 10-Sep-2021 15:56) Posted:
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Why drop if got good news. I just dont get it. Anyone can enlighten me?
Union Gas clinches duo accolades &ndash ' ' Most Profitable Company' ' Award by The Edge Singapore named in Forbes Asia Best Under a Billion list 2021
SINGAPORE, 10 September 2021
&ndash Union Gas Holdings Limited (优 联 燃 气 控 股 有 限 公 司 ) (&ldquo Union Gas&rdquo , the &ldquo Company&rdquo or together with its subsidiaries, the &ldquo Group&rdquo ), has won the &ldquo Most Profitable Company Award&rdquo presented by The Edge Singapore Billion Dollar Club (Centurion Club) Awards 2021. Union Gas was also one of six Singapore companies that made it to the Forbes Asia Best Under a Billion list for 2021, the second straight year the Group has been on the list.
The two accolades attest to Union Gas&rsquo resilience and strong performance despite operating under pandemic conditions since the Covid-19 outbreak in 2020.
https://links.sgx.com/1.0.0/corporate-announcements/JTIL3OMFNJNGZKDF/683123_UGH-Press_Release.pdf
SINGAPORE, 10 September 2021
&ndash Union Gas Holdings Limited (优 联 燃 气 控 股 有 限 公 司 ) (&ldquo Union Gas&rdquo , the &ldquo Company&rdquo or together with its subsidiaries, the &ldquo Group&rdquo ), has won the &ldquo Most Profitable Company Award&rdquo presented by The Edge Singapore Billion Dollar Club (Centurion Club) Awards 2021. Union Gas was also one of six Singapore companies that made it to the Forbes Asia Best Under a Billion list for 2021, the second straight year the Group has been on the list.
The two accolades attest to Union Gas&rsquo resilience and strong performance despite operating under pandemic conditions since the Covid-19 outbreak in 2020.
https://links.sgx.com/1.0.0/corporate-announcements/JTIL3OMFNJNGZKDF/683123_UGH-Press_Release.pdf
oops down further today
Last:0.975 --
minion gas valuation is at least $1.17
now trading at discount
gd luck dyodd
minion gas valuation is at least $1.17
now trading at discount
gd luck dyodd
Union Gas jumps 23.3% on proposed S$75m LPG acquisition
Shares of Union Gas Holdings jumped on Wednesday after the fuel-products provider proposed to acquire its substantial shareholder' s liquefied petroleum gas (LPG) distribution, bottling and storage businesses for S$75 million via a mix of cash and shares allotment.The move will allow Union Gas to expand its customer base to commercial and industrial users, on top of its current customer base of supplying bottled LPG cylinders to domestic households.
It also paves the way for Union Gas to distribute bottled LPG cylinders to the wholesale space, or the provision of bottling and refilling of LPG cylinders to non-affiliated entities.
The proposed deal will also allow Union Gas to gain ownership of two out of four bottling licences and bottling plants in Singapore, the group said in a statement on Wednesday.
News of the proposed acquisition sent Union Gas&rsquo counter climbing as much as 24.5 per cent when trading resumed after the midday break. The company&rsquo s shares were up 19.5 Singapore cents to 99 cents as at 1.33pm.
As at 3.40pm on Wednesday, the counter was trading 23.3 per cent or 18.5 Singapore cents higher to 98 cents, with 10 million shares changing hands.
The seller of the LPG businesses - Union Energy Corporation (UEC) - holds a 12.6 per cent shareholding interest in Union Gas. UEC is also an associate of Union Gas' non-executive chairman Teo Kiang Ang and executive director and chief executive Teo Hark Piang, by virtue of their respective 61.89 per cent and 12.55 per cent equity interests in UEC.
UEC will sell wholly-owned subsidiaries Sembas (Asia) Trading, Semgas Supply and Summit Gas Systems to Union Gas.
The proposed acquisition includes the purchase of two bottling plants and land at 43 Jalan Buroh and 2D Jalan Pesawat. It also comprises support infrastructures such as five LPG storage depots, 71 delivery vehicles and an entire commercial and industrial LPG sales team.
UEC and its subsidiaries are in the business of supplying and distributing LPG to commercial and industrial customers. These include hotels, food establishments such as restaurants and coffee shops, as well as factories. They are also in the business of supplying bottled LPG cylinders and LPG storage - from which Union Gas obtains its supply.
These cylinders are subsequently sold under the " Union" and " Sungas" brands as part of dealership agreements and a trademark licence.
The proposed deal will reduce dependence on UEC Group for the supply of bottled LPG containers, the company said.
Union Gas chief executive Teo Hark Piang noted that the proposed transaction, which is earnings accretive, will also increase the company&rsquo s resilience and ability to navigate different economic cycles due to the control of an integrated supply chain and broader customer base.
&ldquo The new bottling business is a key strategic factor in our plans to deliver steady and sustainable growth for Union Gas,&rdquo he added.
Based on pro forma estimates, the proposed transaction will double Union Gas' earnings per share to 12.64 Singapore cents post-acquisition from 6.06 cents before the proposed acquisition, assuming it was completed on Jan 1, 2021, according to a bourse filing.
A majority of the transaction' s consideration (S$61 million) will be satisfied via an allotment of about 88.6 million shares in Union Gas at an issue price of 68.81 Singapore cents per share. The issue price represents a discount of around 9.99 per cent to the volume-weighted average price of 76.45 Singapore cents per share, based on share trades done on Aug 24 - the last full market day before the share and purchase agreement was signed on Tuesday.
Some S$10 million in cash has been paid as at Tuesday. Another S$2.4 million will be paid on the proposed deal' s completion date of Feb 28, 2022, while S$1.6 million for the commercial vehicles owned by Semgas (S) and Choon Hin will be paid on the same date.
The S$10 million and S$2.4 million amounts shall be funded from Union Gas' internal resources, it said.
As the proposed acquisition is an interested-party transaction with a value greater than 5 per cent of Union Gas' net tangible assets, the company will convene an extraordinary general meeting in due course to seek approval from independent shareholders.
Shareholders will also need to approve a whitewash waiver, if granted by the Securities Industry Council, of Mr Teo Kiang Ang' s obligation to make a mandatory general offer if the proposed transaction is completed.
His effective shareholding in Union Gas would increase to 60.28 per cent after the consideration shares are issued at completion. He is deemed interested in UEC through his 61.89 per cent shareholding in UEC.
As at Wednesday, Mr Teo Kiang Ang has a total effective shareholding interest of 44.9 per cent in Union Gas, which means he would be obliged to make a general offer for shares he doesn' t already own if his stakeholding increases by more than 1 per cent within a six-month period.
I only bot 30 lots just to make myself blood circulation work😁 and to you bro, Huat ah!
superstartup ( Date: 25-Aug-2021 14:22) Posted:
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Oic, i missed it as it didn' t mention ' ' It will be a interesting party' ' in the SGX reply
superstartup ( Date: 25-Aug-2021 14:32) Posted:
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They did mention on-going discussion (this current transaction).
look@bright ( Date: 25-Aug-2021 14:27) Posted:
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on 19 Aug, SGX quries the unusal drop in the share price. In their reply no SGX, company says not aware. Why didn' t it mention about this interested party transaction as this is definitely something that will affect the share price?
superstartup ( Date: 25-Aug-2021 14:14) Posted:
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Huat ah bro. Nice profit.
Hope all is well with you.
Hope all is well with you.
Elf2000 ( Date: 25-Aug-2021 13:50) Posted:
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Recently, quite a few companies did the computations wrongly.
Not sure intentionally or what. But then SGX Regco did not query.
This month, there is one company. Made a huge capital gain from sale of assets / subsidiary.
The company simply add the sale proceed per share to its NAV. Omg, the assets / subsidiary FOC meh?
Thus far, only the super big companies and local reits get the computation correctly.
Just sharing my observation.
Not sure intentionally or what. But then SGX Regco did not query.
This month, there is one company. Made a huge capital gain from sale of assets / subsidiary.
The company simply add the sale proceed per share to its NAV. Omg, the assets / subsidiary FOC meh?
Thus far, only the super big companies and local reits get the computation correctly.
Just sharing my observation.
look@bright ( Date: 25-Aug-2021 13:45) Posted:
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Went in this morning at $0.835 and then went for my doctor appointment came back and check the price... WOW! It went up to $0.98😯 sell liao lah.
union gas 5m
w4 855 px hit 890
correct so small
w5 come typ 61.8 1040
cross road 1000
px hit 990
watch out
w4 855 px hit 890
correct so small
w5 come typ 61.8 1040
cross road 1000
px hit 990
watch out
The computation of EPS from 6.06 cents to 12.64 cents is incorrect because it didn' t factor in the increase of shares being allocated to the founder.
SmallSmall ( Date: 25-Aug-2021 13:36) Posted:
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This gas push so high sure no gas tomo.pump and dump.be careful.dnt chase
Today our gas very powerful