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IG Group entered the Australian market in 2002, marking its first international expansion. [11] In 2003, founder Stuart Wheeler sold his 23.68% stake in the company, netting £90 million. [3] [2] He was joined by some other major shareholders, so a total number of shares to be sold reached 30%. [9]
The company was founded in 1969 as the Singapore Petroleum & Chemical Co. Pte Ltd and later changed its name to the Singapore Petroleum Company Ltd. The company is also a part-owner of Singapore Refining Company Pte Ltd which was founded in 1979. [2]
Puma Energy is a Swiss multinational mid- and downstream oil company, majority-owned by Singapore-incorporated Swiss company Trafigura. [1]Its operations span around 40 countries across five continents and encompass the supply, storage, refining, distribution, and retail of a range of petroleum products.
The petroleum industry in Singapore is accountable for part of the country's economy, exporting about 68,100,000 tonnes (67,000,000 long tons; 75,100,000 short tons) of oil (as of 2007). Singapore is dubbed "the undisputed oil hub in Asia ."
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On October 18, 2013 IGG was listed on the Hong Kong Stock Exchange, followed by an official transfer on July 7, 2015 from being on the GEM board to the Main Board with the current stock number of 799.HK. [4] In January 2016 IGG was voted as the "Most Promising HKEx Listed Companies" in the 13th China's Financial Annual Champion Awards.