04-10-2012, 09:03 AM
(03-10-2012, 12:19 PM)camelking Wrote: Mr George is probably tired of seeing his margin being squeezed by landlords year in year out...
So, he wants to be a landlord now.
Nothing wrong with this move!
But as a shareholder, if you want exposure to property, u may want to ride with property veterans rather than part-timer........
Just a note, Breadtalk is not going at it alone. Its an investment with numerous parties and their percentage of investment is just a mere 4%. One of the major shareholders in the development is Perennial in which their CEO is Pua who started the Reits in Singappore and was CEO of CapMallAsia in the 2000s. Based on his knowledge in China property environment, most likely breadtalk is tapping onto his expertise.