THL Green FIJI

pending

 Tappoo Holdings Limited (“THL” or “Company”) is a holding company of the Tappoo Group (“Tappoo” or “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. IFC is considering an investment of up to FJD 27.0 million (approximately US$11.8 million equivalent) in the form of a corporate bond issued by THL. The proposed IFC investment will support the development of a new green building complex and warehouse facilities to serve the Group’s internal requirements (the “Project”).  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.