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No shame in exiting failed investments in search of better rewards elsewhere

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Tay Peck Gek

Tay Peck Gek

Published Wed, Sep 20, 2023 · 05:00 AM
    • Sysma Holdings’ controlling shareholders were successful in privatising the builder of high-end landed homes at an offer of S$0.168 apiece despite the offer being judged as not fair and not reasonable.
    • Sysma Holdings’ controlling shareholders were successful in privatising the builder of high-end landed homes at an offer of S$0.168 apiece despite the offer being judged as not fair and not reasonable. PHOTO: BT FILE

    THE winding up of commercial robo-advisory firm MoneyOwl came as a surprise to many market watchers. Perhaps it shouldn’t have.

    A review of the “bionic” financial adviser found the business to be not commercially viable, given its high operating costs and low revenue generation.

    With profitability expected to be elusive, MoneyOwl’s shareholder NTUC Enterprise Co-operative decisively opted to redeploy resources to other areas where it can deliver “greater social impact”.

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