Thursday, May 3, 2012
UPP
UPP: another potential Myanmar play.
The Board has undertaken a strategic business review, resolved that the co should actively pursue invmts and opportunities in other industries with a focus on emerging mkts in SE Asia, in particular Myanmar where recent devts have presented new business prospects.
Says some possible industries the Co may look into incl infrastructure and infrastructure related businesses such as power and construction supplies, property devt and distribution of consumer pdts.
The co will make further updates in due course, and may seek sh/h approval where necessary for any invmts obtained.
The stock remains halted.
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