Frangrace Group becoming another Oxley?

Oxley is expanding to australia... I think they want to distribute GP hotel and get rid of it from their financial account is as they say, get rid of the conglomerate discount and focus on expanding their property business. I hope and my guess is it will become a 2nd Oxley




Potential Re-rating of the Company. By virtue of the Company being the holding company

of GPHL, the overall group structure has become akin to a mini-conglomerate. The

Company is of the view that the market could impute a conglomerate discount on the value

of the Company due to the current shareholding structure. A clean separation of the

businesses may remove the conglomerate discount, potentially leading to a positive

re-rating of the Company to its true market value.