Avarga (U09) Stock Overview

Avarga Limited, an investment holding company, engages in manufacturing and trading of paper products, and providing management services in Canada, the United States, Malaysia, Singapore, Myanmar, Sri Lanka, Australia, and internationally. The company operates through four segments: Paper Mill, Power Plant, Building Products, and Others. The company manufactures and sells industrial grade paper products, such as testliner, corrugating medium, chip board, and core board that are primarily used to manufacture corrugated carton boxes and other finished paper products. It also collects and trades in waste paper products; and trades in recycled fibres. In addition, the company operates a 50 megawatt gas-fired electricity plant in Yangon, Myanmar, which sells its electricity to the Myanmar Government. Further, it distributes building materials, such as lumber, panels, moldings, sidings, engineered wood, flooring, roofing, insulations, and others. The company was formerly known as UPP Holdings Limited and changed its name to Avarga Limited in April 2018. Avarga Limited was incorporated in 1967 and is based in Singapore.