US$10 million divestment of Avarga Limited’s interest in UPP Greentech Pte.Ltd.

Acted for Avarga Limited in its exit from the Myanmar market, by way of a US$10 million divestment of its entire interest in UPP Greentech Pte. Ltd., the holding company of UPP Power (Myanmar) Limited, which operates a 50 MW gas-fired power plant in Myanmar. Partners Chester Toh and Hiroyuki Ota led the transaction.