Union Gas Holdings Limited (SGX:1F2) acquired You Cai Engineering Pte. Ltd. for SGD 0.03 million on March 31, 2023. The consideration of SGD 33,000 will be paid by cash. The acquisition was funded by internal resources and is not expected to have any material impact on the consolidated net tangible assets and earnings per share of Union Gas for the financial year ending December 31, 2023. Following the acquisition, YouCai became a wholly owned subsidiary of Union Gas Holdings.

Union Gas Holdings Limited (SGX:1F2) completed the acquisition of You Cai Engineering Pte. Ltd. on March 31, 2023.