Avarga says exploring listing of paper manufacturing business after shares jump

SINGAPORE -Avarga said it is exploring opportunities relating to its paper manufacturing business, which include the expansion and/or potential listing of said business.

Avarga - which also has businesses in power generation and building materials distribution - received a query from the SGX on Monday afternoon for unusual price movements in its shares. Avarga said it was not aware of the reason for the trading, adding that as an investment company, it is constantly considering possible corporate actions and exercises to increase shareholder returns.

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