Tasco ready to take it to next level
Two years after venturing into the cold chain segment of the logistics industry, Tasco Bhd 
is ready to take it to the next level.
It is divesting a 30% stake in unit Tasco Yusen Gold Cold (TYGC) to Japan Overseas Infrastructure Investment Corp (JOIN) for RM125mil.
The transaction values Tasco’s cold chain arm at about RM416.67mil, which is larger than the listed entity’s market capitalisation of RM308mil, based on yesterday’s RM1.50 closing price.
Tasco is also divesting the block at a premium of 45.3% compared to the costs incurred to acquire and run TYGC in the last two years.
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