LNC is not going to remain an Australia company. The first move is to appease the majority of Aussie shareholders prior to the move to SGX. Once it has new Singapore shareholders PB will be telling us his main shareholder base in now Singapore.
The tax rate in Singapore is a flat 20% There is no capital gains tax the major shareholders PB and CS are not running charitable organisations. LNC will be Singapore based within 1 Year! LNC will be a protected species in Singapore !!
LNC Price at posting:
99.5¢ Sentiment: None Disclosure: Held
