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WestProp Moves to Unlock New Value
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ZimEye
WestProp Moves to Unlock New ValueShareBy Business Reporter | WestProp Holdings Limited is positioning itself for its next phase of growth with a strategic corporate restructuring aimed at sharpening its focus, unlocking shareholder value and creating greater flexibility to pursue major property development opportunities.
Under the proposed structure, WestProp will retain operating assets valued at approximately US$110.2 million and continue trading on the VFEX.
The proposed restructuring comes as WestProp continues to build from a strong financial base.
The Board believes separating the operating business from the long-term Pomona City land-development opportunity will allow investors to better understand and value the different components of WestProp’s business.
For WestProp, the proposed restructuring represents more than an organisational change.