08-12-2015, 10:03 AM
I still can't quite figure out the "motive" of this spinning off thingy. Is it a bit like Boustead Singapore that spun off Boustead Projects? At least in that case, the CEO came out to explain why they did it. Anyway, after the spin off and giving shareholders the full stake as dividend in specie, the share price of both BSL and BPL went south - worse than before the spinning off. Does anyone know if CES came up front to explain why they are doing this business gymnastics? Thanks.