United Global was listed on July 2016, but the company has been in business for more than two decades, establishing itself as an independent lubricant seller. Not only does it distribute products made by other companies, United Global makes its own range of high quality, well-engineered products sold under house brands like “United Oil”, “U Star Lube”, “Bell1”, “Hydropure” and “Ichiro”. In addition, the company is involved in the trading of base oils, additives and lubricants.

The company has existing strategic ties with oil giants such as China National Offshore Oil Corporation, which helps deepen and broaden its access to markets it is distributing to in more than 30 countries.

The company, led by CEO Jacky Tan, is ready to widen the company’s ties with partnerships and ventures. In September 2019, oil major Repsol acquired a 40% stake in United Global’s subsidiary for up to US$46.5 million. United Global believes its strategic partnership with Repsol — a global energy company with a strong international brand and listed on the Madrid Stock Exchange, will lead to new growth opportunities for both companies. In April, United Global received the final payment from the disposal and according to its earlier announcement, the company plans to channel the proceeds to fund future business expansions, investments and acquisitions when suitable opportunities arise. Not only is United Global overall sector winner, it is also top for weighted return on equity.

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