Australia’s Buderim Ginger has said it may consider delisting the company and returning it to the private sector if the ginger producer continues to underperform.
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“This is an option that has proved attractive to some mid-sized and small public companies where they are not able to get the benefits from public listing, but are bearing the associated costs,” chairman John Ruscoe was quoted by Ralph Wragg Australian Business News as saying.
Ruscoe said the company would consider privatisation if it is “unable to produce the desired returns for shareholders through organic growth or acquisition”.
“The public-to-private option may be considered if the company continues to produce inadequate returns,” he added.
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