Chasen

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07 Dec 2018 14:55 #24594 by josephyeo
Replied by josephyeo on topic Chasen
Hi Val, i am personally not too worried about this so long as the business is growing. I believe the management have some plans in mind to resolve this problem. Share with 2 extracts from an interview on 12 July. See below:

Extract 1
Also on Chasen' s plans are potential spin-offs of its subsidiaries, which it believes will be able to unlock their value, as the sum of its parts is currently worth more than the whole, non-executive chairman Eric Ng told media and analysts in a Wednesday briefing.

Extract 2
Asked if it is pursuing these strategies to lift its six-month volume-weighted average stock price to at least 20 Singapore cents - one of the requirements before it can exit the watch list, Mr Ng said the company also has other ways to boost its value, either by finding investors for its subsidiaries, or listing them.

" We are probably looking at both ways. This year, we will focus on this and probably you can look forward to some announcements. We have three potential subsidiaries to do this with - two in China and one in Malaysia. We are looking at the Hong Kong Stock Exchange Gem board."

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