According to the IFC, the proposed investment is for IFC to be the sole subscriber to an up to FJD 27.0 million (approximately US$11.8 million) corporate bond issued by Tappoo Holdings Limited (THL), a leading diversified business group in Fiji, with operations including retail, wholesale, manufacturing, automotive and hospitality.
Proceeds will be used to support THL to develop green buildings to meet its need for additional retail and warehousing space.
The Project is located across two sites (Raiwai about 1.5 ha and Veisari about 4.3 ha) in Fiji, approximately 4 and 10 kilometers from Suva City center respectively. The Raiwai site includes a storage warehouse (about 3,600 sqm) for fast moving consumer goods, which is operational and supports the Group’s wholesale operations. The Veisari site is not yet developed and will include warehouses for the Group’s wholesale operations, a service center for the Group’s automotive operations, and a two-story building for a car showroom and internal office space.
As stated by the IFC, Tappoo Holdings Limited is a holding company of the Tappoo Group (https://www.tappoo.com.fj/), one of Fiji’s largest diversified business groups. The Group’s operations include retail, wholesale, manufacturing, automotive and hospitality.
THL is a family owned business through a nominee company in Fiji, which has 7 individual and equal shareholders.
|Private Actor 1
|Private Actor 1 Role
|Private Actor 1 Sector
|Private Actor 2
|Private Actor 2 Role
|Private Actor 2 Sector
|Tappoo Holdings Limited (Tappoo Group)
|Industry and Trade
Client - Tappoo Holdings Limited:
Sumith Perera - General Manager Finance
Phone: +679 6500 199
Address and Local Access for Project Documentation: P.O. Box 46, Main Street, Sigatoka, Fiji
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