For several years Masimba has been underpinned by two distinct strategic business units focused on contracting and manufacturing. The business environment that has prevailed since 2009 has diminished the synergies that previously existed between these two businesses. The Board has considered the situation and is firmly convinced that there is considerable value to be unlocked in pursuing the contracting and manufacturing strategies through two independently managed businesses.
Accordingly the Board has decided that a strategy to separate the two divisions into two separately listed companies will benefit shareholders by making it easier to attract capital for their separate growth profiles and enable both businesses to strategically position themselves in line with their core businesses...
FY 2014 financial results
FY 2014 financial results presentation