An asset spin-off is a business strategy in which a parent company separates a division or subsidiary into a new, independent, publicly traded company. Two Singapore-listed companies are turning to structural spin-offs to unlock shareholder value, though they are taking different routes. Addvalue Technologies (SGX: A31), the satellite communications provider, is proposing to spin off its wholly owned subsidiary, Addvalue Solutions Pte. Ltd., for a standalone listing on a US exchange, either Nasdaq or the NYSE. The parent company intends to retain a controlling stake of at least 51% and will maintain its listing on the SGX Mainboard. Addvalue Technologies currently commands a market capitalisation of about S$700 million. Analysts estimate that the spun-off space business alone could achieve a market capitalisation of roughly S$230 million to S$320 million in the US, due to higher tech valuations. Thakral Corporation (SGX: AWI), the investment and lifestyle conglomerate, has recently received pre-clearance from...