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Hi Steven,
I had question the management regarding spinning off boustead project. Initially, their plan is to spin off as a REITs and I totally agree to it as it will reflect some sort of stability & recurring from rental side. When they change their plans, I had my own concerned as boustead project business is lumpy in nature and I would rather keep it in the holding company rather than spinning it off. From what I heard from Mr Wong is that the spin off is part of the succession plan