When the parent company trades at a discount to its subsidiary

  • Business
  • Saturday, 15 Jun 2019

On June 11, the acquisition of a 30% stake in warehousing and logistics company Tasco Bhd’s unit Tasco Yusen Gold Cold Sdn Bhd (TYGC) for RM125mil by a Japanese government fund was finally completed.

The Japanese fund is Japan Overseas Infrastructure Investment Corp for Transport and Urban Development’s (JOIN). It is 87%-owned by the Ministry of Finance, Japan.

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