IT is interesting to observe the outcomes when a listed company embarks on a spin-off and list its subsidiary. Typically, a subsidiary is listed to unlock greater value.
In the case of Foundpac Group Bhd
, the precision engineering services provider and laser stencil manufacturer is mulling the listing of its 75%-owned subsidiary Dynamic Stencil Sdn Bhd (DSSB).
DSSB’s primary business activity is the manufacture and sales of laser stencils.
Citing sources, Bloomberg said Sime Darby has held discussions with potential advisers for an IPO of Ramsay Sime Darby Health Care Sdn Bhd, with a listing on Bursa Malaysia to potentially happen as early as 2021.
...