Tuesday, July 1, 2014
Singapore Windsor Holdings
Singapore Windsor Holdings: Exploring opportunity to diversify its operations to include a serviced office business, including supply of office space and its related services, in Myanmar.
Myanmar is undergoing a rapid urbanization process, and management sees increased demand for office and meeting room facilities. Benefits of the proposed serviced office business relative to traditional offices include:
1) Cost effectiveness – Tenants pay only for duration of use.
2) No need for administrative costs
3) Flexibility to move to other office locations as and when needed.
At the initial stage, volume for the proposed office business is not expected to cross 20% of its market cap.
The proposed venture comes after the company mounts 3 years of continual losses.
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