8 lessons from owning a 193-year-old Singapore company for 15 years
CONGLOMERATES are becoming rare on the Singapore stock exchange. This corporate structure, with its mish-mash of disparate businesses, is getting less popular as investors prefer pure-play companies with clearly defined business models. Against this backdrop, a conglomerate that has survived for over 190 years is even rarer.
Boustead Singapore Limited, founded in 1828, is a company with a storied history that I have owned for 15 years. Along the way, I've witnessed my share of surprises - both pleasant and unpleasant - and I would like to share what I have learnt.
1. The CEO and succession
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