Union Steel Completes Sale of 30 Million Shares in Eneco Energy
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Union Steel has completed the sale of 30 million shares in Eneco Energy for SG$345,000, representing about 1.20% of the company's issued capital. The shares were sold at SG$0.0115 each, and Union Steel now holds a 20.90% stake in Eneco Energy, along with 500 million warrants. The proceeds will be used for redeployment and other investment opportunities. Shares of Eneco Energy fell nearly 1% in early trading following the announcement.
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