Ann: Corporate Restructure and Dual Listing , page-14

Thanks for the feedback guys. Appreciate it.

I'm going to further show my ignorance here, so bear with me. So Yaq based on the scenario you presented, Globe splits its projects placing some into another entity then floats that entity. A bunch of money is hopefully raised in that float, but 1) doesn't that cash then stay in the newly formed entity? Or 2) does Globe technically own that entity too so it's a case of 're-selling' the projects so as Globe holders we still 'technically' own all the projects plus have additional cash? Or 3) it sells them 'wholesale' to an investment group who then go and float?

Or have I got it wrong on all counts?

I'm still wondering why we wouldn't want to retain exposure to these other projects because despite the perceived value being factored as zero (in the share price) aren't they still promising projects? And if they are being perceived currently as zero why does that change by repackaging the projects - why would they suddenly become worth buying under another entity?

Cheers, P