Thndr Claps » EGY Claps » EGX 🔔 » Amer group explores company spin-off🔛
The ClapAmer Group is exploring splitting into two companies.
DeetsA split would see the dividing company, Amer Group, decrease its capital to inject it into the divided company’s capital.
Existing shareholders’ shares would be split over the two companies while maintaining the same value.
Why?The increase in revenues from recurring operations requires increased specialization & focus, & the same applies for real estate development operations.
So whatThe group’s board of directors believe this move would increase the stock’s price over the long-run, as each company’s balance sheet would be stronger.
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