Singapore, November 9, 2015 – Dongshan Group Ltd, formerly Greatronic Limited, unveiled today its strategy to rebuild and attain a net asset value of S$20 million by the end of 2016 at the company’s first ever shareholders’ dialogue session.
Speaking before a packed audience of over 40 shareholders, newly-appointed Chief Operating Officer (COO) John Soh said Dongshan will focus on the takeover and turnaround of distressed assets or aberrations-hit special situation companies.
The company plans to balance between cash generating assets and undervalued assets for capital gains. In the near term it will seek to raise $2 million in new capital, said Soh.
“We are starting from scratch at Dongshan, but we are confident that we can generate rapid growth, and will do so in full public glare and with full transparency. Our shareholders are a very important part of this process, and I am delighted that so many of them have turned up for our first dialogue session. We value their views, and we invite them to continue to share their thoughts with us as we embark on this journey together,” said Soh.
A copy of the strategy presentation is available here:
Dongshan Shareholder’s Dialogue – 9 November 2015