Avarga Limited (“Avarga”), formerly known as UPP Holdings Limited, is an investment holding company listed on the Main Board of Singapore Exchange Limited (SGX). Its mission is to optimize Returns on Equities through building sustainable value for its shareholders. They build business models that are long-term, focusing on competitive advantages, good management, and innovation.

Its three core businesses are paper manufacturing, power generation, and building materials distribution. The company operates in 5 countries and employs more than 800 people with an annual revenue of $1.5 billion. These businesses generate sustainable cash flows, progressively diverting into other investments.