Spinoff

(Dec 9): Former US President Franklin D Roosevelt (FDR) helped win World War II, but his memory will ring long with beer drinkers for another reason. The US had outlawed alcohol from 1920 to 1933. This gave rise to illicit booze, which created an unmanage

SINGAPORE (June 22): Electronic parts distributor Serial System is set to spin off its Hong Kong subsidiary, Serial Microelectronics (HK), in a listing on the Stock Exchange of Hong Kong. 

SINGAPORE (Oct 12): Lian Beng Group, the construction company and property developer, is exploring a possible spinoff of its property development business with a listing on the Catalist board.

SINGAPORE (Dec 1): Q&M Dental says subsidiary, Qinhuangdao Aidite High Technical Ceramic, has received approval to list on the new Third Board of the National Equities Exchange and Quotations of China.