Here's what happens after Sino Grandness' Garden Fresh spinoff

Its canned fruit business to boost growth.

According to Maybank Kim Eng, SGX might take into account the asset quality of the remaining business after the potential Garden Fresh spinoff. In Maybank's view the remaining business will still be growing healthily. 

Here's more:

Apart from Garden Fresh, Sino Grandness still have two parts of business left, namely canned vegetable export and domestic canned fruit. In 1Q, despite some minor slow down (-3% yoy) in the canned vegetable export revenue, domestic canned fruit revenue grew strongly by 94% yoy. The company will continue to grow domestic food business and expand the product range, which provides the growth engine for the remaining business.