I read that Sakae Holdings, the company behind the popular Sakae Sushi chain of restaurants is expanding into corporate finance advisory services and has even secured a first client in Q&M dental. I am even surprised that Mr Douglas Foo, the CEO of Sakae Holdings has, as reported, handed most of the management of the business of Sakae Holdings to his sister while he focuses on the corporate finance advisory services business. This is not the first time that Singapore companies have taken on the diversification path of adding different businesses into their portfolio. I always wonder whether such a diversification into non-related business would mean better returns for shareholders or erode returns. I mean investors into such diversified business, have first and foremost invest with an interest in the primary business, now with a secondary and a non-related business, investors would really need to reassess the total overall business ......