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Myanmar lights up UPP prospects

Malaysian entrepreneur Tong Kooi Ong looks to frontier markets for more rewarding returns, reports ANITA GABRIEL

'We have delivered (in Myanmar). This is our first instalment - not just in contract, but cash flow.' - Tong Kooi Ong, UPP executive chairman - PHOTO: YEN MENG JIIN

MALAYSIAN entrepreneur Tong Kooi Ong is making bite-size corporate moves into Singapore by snapping up stakes in smallish firms and rendering them turnaround material. One of them is pulp maker UPP Holdings, a firm majority-owned by Singapore billionaire and close pal Peter Lim, which he bought