Most readers would be aware of Mr Koh Wee Meng, Executive Chairman and CEO of Fragrance Group who joined the ranks of Singapore Billionaires as shares of Fragrance Group doubled (including dividends) after Fragrance announced its intention to explore the possibility to spin off its hotel assets via a separate listing on 15 Aug 2011. A company that may follow Fragrance’s footsteps is Sino Grandness.  Sino Grandness, through its wholly owned subsidiary Garden Fresh, has issued two tranches of zero coupon convertible bonds (“CBs”) worth a total of RMB370m. These CBs offer the bond holders to convert into shares of Garden Fresh should Garden Fresh be listed. […]