Fraser & Neave (F & N)

[KopiKat]

Basically, F&N is worth more in pieces than whole.
Nobody wants the publishing business??
Maybe, after getting the windfall from selling its food and beverage business, F&N is interested in buying Popular ?

No lah... I posted in Popular Hldgs thread that I think they should go bid for the Times Publishing biz. IIRC, CIMB SOP est is $200+Mil, can try to bid for less than $100M (Pop has enough Cash and still have leftover for Working Capital) since everyone seems to be rushing to F&N for a Closing Down Sale...can get much better discounts now (the other vultures are only interested in the F&B mainly)...If successful, with the bigger critical mass, break up Popular into 3 companies - Book Stores, Publishing and Properties, then get it listed plus give Pop shareholders these shares as Dividend in Specie..

PS, Can also horse-trade with F&N. F&N still have a huge Property biz and may also be reinvented as a Property co. In that case can swop Pop's tiny Property biz as an incentive for bigger discounts...