When the parent company trades at a discount to its subsidiary
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.
With the completion of this deal, JOIN now becomes Tasco’s strategic partner for cold chain and convenience retail logistics businesses.
Tasco Yusen has a combined temperature-controlled storage capacity of 37,000 pallet space at the Berjaya Industrial Logistics Centre in Shah Alam and Westports Logistics Centre in Westports.
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