---
title: "Eneco Energy Extends Deadline and Partners with Union Steel for Growth"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/228200879.md"
description: "Eneco Energy Limited has received an extension to meet financial exit criteria after being placed on the SGX-ST’s financial watch-list. The company is partnering with Union Steel Holdings to expand its logistics business and explore new market opportunities. Year-to-date, Eneco's stock has decreased by 9.09%, with a current market cap of S$23.17 million and an average trading volume of 20,856,495 shares. The technical sentiment consensus rating for the stock is 'Buy'."
datetime: "2025-02-13T13:20:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/228200879.md)
  - [en](https://longbridge.com/en/news/228200879.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/228200879.md)
generator: "portal-rs"
---

# Eneco Energy Extends Deadline and Partners with Union Steel for Growth

### Maximize Your Portfolio with Data Driven Insights:

-   Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
-   Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio

An update from Eneco Energy ( (SG:R14) ) is now available.

Eneco Energy Limited has been granted an extension to meet the financial exit criteria after being placed on the SGX-ST’s financial watch-list. The company is collaborating with Union Steel Holdings to expand its core logistics business and explore new market opportunities, following significant share purchases by Union Steel.

**More about Eneco Energy**

Eneco Energy Limited, incorporated in Singapore, operates in the logistics industry with a focus on enhancing its services to maintain high organic volumes and sustainability.

**YTD Price Performance:** -9.09%

**Average Trading Volume:** 20,856,495

**Technical Sentiment Consensus Rating:** Buy

**Current Market Cap:** S$23.17M

Learn more about R14 stock on TipRanks’ Stock Analysis page.

## Trending Articles:

-   Super Micro (SMCI) Wins a New Street-High Price Target from Northland Securities
-   3 Penny Stocks to Watch Now, 2/13/25
-   ‘Time For One Last Chance,’ Says Top Investor About Tesla Stock

### Related Stocks

- [R14.SG](https://longbridge.com/en/quote/R14.SG.md)
- [X.US](https://longbridge.com/en/quote/X.US.md)

## Related News & Research

- [Singapore's Eneco Energy FY26 revenue rises on strength in logistics division](https://longbridge.com/en/news/297201327.md)
- [Eneco Energy buys warehouse amidst expansion bid](https://longbridge.com/en/news/295481817.md)
- [Haberman: 'No polling' where Trump is popular](https://longbridge.com/en/news/297673349.md)
- [Is Austevoll Seafood (OB:AUSS) Undervalued Following Its Weaker Q2 2026 Earnings?](https://longbridge.com/en/news/297544013.md)
- [11:52 ETEpic Books for Kids Partners with Andrews McMeel Publishing to Give Young Readers Early Access to New Releases](https://longbridge.com/en/news/297808908.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**