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WE Holdings sells electronics arm to focus on commodities, Myanmar

Published on Jul 14, 2014 9:27 PM

SINGAPORE- Former systems supplier WE Holdings will concentrate on its commodity businesses and Myanmar investments after its sells its electronics arm, said executive chairman Terence Tea on Monday.

The firm's transformation has been on the cards since Mr Tea took up his post in March last year.

He told The Straits Times: "Since Day One when I joined, I made it clear that I want to steer WE Holdings into [being] a commodities company."

He has earmarked coal, iron ore, cement and oil as the sectors WE Holdings should focus on.

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