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Avarga Limited ( (SG:X5N) ) has provided an announcement.
Avarga Limited has announced a strategic shift for its wholly-owned subsidiary, UPP Pulp & Paper (M) Sdn. Bhd., which will cease its paper business operations by the end of 2024. Following this, UPP Malaysia will transition its principal business activity to portfolio investment, marking a significant change in its operational focus and potentially impacting its market positioning.
More about Avarga Limited
Avarga Limited, formerly known as UPP Holdings Limited, is a company incorporated in Singapore. It operates through its subsidiaries in various industries, including the paper business, which has been a significant part of its operations.
Average Trading Volume: 24,181
Technical Sentiment Signal: Buy
Current Market Cap: S$128.3M
Learn more about X5N stock on TipRanks’ Stock Analysis page.