[ET Net News Agency, 6 July 2017] Southeast Asia Properties & Finance (00252) said it is currently considering the possibility of a spin-off and separate listing of the Group's hotel business on the Growth Enterprise Market of the Stock Exchange.
The company believes that the proposed spin-off and the listing, if it proceeds, will better position each of the company and the spun-off entity for growth in their respective lines of business. It will also unlock the value for existing shareholders by identifying and establishing the stand-alone corporate value of the hotel business. (HL)
The company believes that the proposed spin-off and the listing, if it proceeds, will better position each of the company and the spun-off entity for growth in their respective lines of business. It will also unlock the value for existing shareholders by identifying and establishing the stand-alone corporate value of the hotel business. (HL)