UPP Holdings

[winston]

not vested

UPP Holdings, which currently manufactures paper and paper packaging products, will go into infrastructure-related businesses such as power and construction supplies, property development and distribution of consumer products.

The company will focus on emerging markets in Southeast Asia, particularly Myanmar, it said on Wednesday.


Source: Reuters

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not vested

UPP Holdings said on Friday it had signed a memorandum of understanding with Myan Shwe Pyi Ltd (MSPL) to set up a joint venture company to be incorporated in Myanmar.

The joint venture firm will buy assets in quarry operations and engineering services for around $18.9 million from MSPL.


Source: Reuters

[winston]

not vested

UPP (38.5 cents, unch):

Peter Lim sold 6.75 mln shares on Monday, when the stock traded at between 38.5¢ and 39.5¢, his first since March this year when he sold 26.883 mln shares at 17 cents each. He now owns 184.5 mln shares or 24.95%. . .

Tong Kooi Ong, on the other hand exercised 53.63 mln warrants at 10 cents each, just as he
last did also in March. He now owns 213.561 mln shares or 26.9%. . . . . .

UPP hit a high of 44.5 cents on Apr 25th after the surge beginning in March.

We have no rating on this stock, which counts on the “magic” of 2 well known corporate figures


Source: Lim & Tan