PhillipCapital’s research analyst Vivian Ye has identified three positive reasons for investors to invest in independent lubricant seller, United Global. In its initiation report that is non-rated, the brokerage highlighted that United Global intends to leverage United Oil Company’s (UOC) new jo...

FOR the five trading sessions that spanned Feb 26 to March 4, the Straits Times Index (STI) gained 1.4 per cent while the Nikkei 225 Index, Hang Seng Index and S&P/ASX 200 Index averaged a 2.9 per cent decline. Share buybacks There were 15 primary-listed stocks conducting share buybacks over the f...

LUBRICANT manufacturer United Global's wholly-owned subsidiary United Supply Chain (USC) has formed a joint venture (JV) company with Latitude Shipping, in which USC owns a 45 per cent stake and Latitude Shipping, the remaining 55 per cent.

Independent lubricants manufacturer United Global says its wholly-owned subsidiary, United Supply Chain (USC), has entered into a joint venture (JV) agreement with Latitude Shipping to form Latitude United Shipping (LUS) on Jan 26. Under the terms of the agreement, USC will own a 45% stake, while th...

Lubricant maker United Global has posted earnings of US$1.7 million for the half year financial period ended 30 June 2020, down 63.5% y-o-y from the year earlier period. The drop was because the company recognised just 60% of its share of earnings from an entity called United Oil Company which was s...

FOR the five trading sessions that spanned June 26 to July 2, the Straits Times Index (STI) gained 1.8 per cent with the Nikkei 225 Index, Hang Seng Index and S&P/ASX 200 Index averaging a 1.1 per cent gain. This has brought the STI's decline in total return for the 2020 year to...

CATALIST-LISTED lubricant manufacturer and trader United Global on Tuesday said it has completed the partial disposal, or the divestment of a 40 per cent stake in its unit, United Oil Company, to global energy company, Repsol Downstream Internacional. 

THE following companies saw new developments that may affect trading of their securities on Wednesday:

GLOBAL energy company Repsol Downstream Internacional has made its first foray into South-east Asia by buying a substantial stake in a unit of Catalist-listed lubricant manufacturer and trader United Global Ltd for up to US$46.5 million.

GLOBAL energy company Repsol Downstream Internacional S.A. has entered a share purchase agreement with Singapore-based lubricant manufacturer and trader United Global Limited to acquire a 40 per cent stake in its wholly-owned subsidiary United Oil Company Pte Ltd for up to US$46.5 million. ...