UPP to buy 58.34% stake in Canadian wood firm Taiga

Singapore

UPP Holdings plans to buy a 58.34 per cent stake in Taiga Building Products - Canada's largest wholesale distributor of building materials - for C$18.9 million (S$19.7 million).

Of the 58.34 per cent, 19.25 per cent comes from UPP chairman and chief executive officer Tong Kooi Ong, a Malaysian entrepreneur who also owns The Edge media group.