I have sold 90% of my shares in SOG at SGD0.27 and will probably sell the remaining shares soon for the following reasons. First, my original reasons for buying SOG may not be valid. I bought SOG because of earnings upside from their younger doctors especially their pediatric and cancer clinics. However, two out of three of the company’s breast cancer specialists have left the company. This was disappointing news because these doctors have been improving their patient and surgery loads. Instead of recruiting more breast cancer surgeons, SOG has hired a colorectal surgeon instead which is puzzling because this practice doesn’t have obvious synergies with their core O&G business. SOG has also invested in post-partum confinement care which is outside of its core business. Furthermore, the first centre is located in Malaysia which makes it difficult to achieve synergies with its Singapore clinics. Second, one of the company’s founding...