Boustead Singapore

[greengiraffe]

It's a rather elegant way to resolve the succession plan. BP is always managed in a rather standalone way. Remember how they must find their own funding (Bank borrowing) to build up DB&L portfolio.
There was a question posted in one AGM on why Boustead must borrow from Banks while they are swimming in cash?
And the answer was, to build the discipline of considering the cost of capital before BP commits to build DB&L.

(Vested)

I feel that the solution is "half a solution". According to FF Wong, the Board thinks it is easier to hire professional managers for the business units but it is difficult to replace him.

As GreenGiraffe mentioned, he has had a string of successes before Boustead. IIRC, he made his fortune before 40 and for a time, he was running Myanmar's airline at one point. He is an exceptional entrepreneur.

How would Boustead fare without a deal-maker/capital allocator like him at the helm?

(Vested)

There is always a role named Senior Advisor...