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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

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'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...

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