26 Mar 2010
United Pulp & Paper Co Ltd said on Friday that a major shareholder, Peter Lim Eng Hock, has raised his interest in the company to 50.11 percentage.
United Pulp & Paper Company Limited is a Singapore-based investment holding company. The Company operates in three business segments: paper mill, recycled fiber and rental management. The paper mill division manufactures and sells industrial grade
paper products, including test liners, corrugated medium and grey chip, core board and laminated boards. The recycled fibre division collects and trades in waste paper
products and recycled fibre. The main types of waste paper include old corrugated carton, double liner kraft and old newspapers. The rental management division
rents out investment properties to third parties to earn rental income. As of December 31, 2009, the Company's subsidiary, UPP Investment (Asia) Pte Ltd, acquired an additional 40% interest in United Packaging Industries Sdn Bhd.