Singapore's Universal Terminal Postpones up to $762 mln IPO - IFR
12.04.2014 - NEWS

December 4, 2014 [Reuters] - Singapore's Universal Terminal has postponed its up to S$1 billion ($762 million) business trust initial public offering of oil storage terminals due to uncertain market conditions, IFR reported.


Listing is now targeted for before the Chinese new year in February, a source close to the deal said, IFR reported.

“The company is monitoring the market conditions,” the source said, according to IFR.

Books were to originally open on Dec. 4 and listing was targeted for Dec. 18.

Universal Terminal did not immediately respond to a Reuters email seeking comment.

Universal Terminal, owned by Singapore’s privately held Hin Leong Group and PetroChina, is based on Singapore’s Jurong Island and describes itself as one of the largest independent oil storage terminals in Asia.

Europe Could Need Extra $11 Billion of Gas to Refill Winter Stores
04.04.2025 - NEWS
April 04, 2025 [Reuters]- Europe may need up to an extra 250 cargoes of liquefied natural gas thi... Read More
Mitsubishi Chemical to Close Two Plants in Japan
04.04.2025 - NEWS
April 04, 2025 [Chemical Processing]- The Mitsubishi Chemical Group will halt manufacturing at it... Read More
Stockholm Exergi to Build Carbon Capture Facility in Sweden
04.04.2025 - NEWS
April 04, 2025 [Yahoo Finance]- Stockholm Exergi (SE) has announced plans to construct what it cl... Read More
Exxon Signals Higher Oil, Gas Prices will Help Boost Q1 Profit
04.04.2025 - NEWS
April 04, 2025 [Reuters]- Exxon Mobil signaled on Thursday that higher crude oil and natural gas ... Read More