spin off confirm, y is it plunging

Menaka : Sorry, wat is the meaning of spin-off ? How’s does that benefits ?

Khin8858 OP : It spin off its investment arm as another counter n giving 1share respectively to existing share owner

Small bull : Menaka already explained. Spin off takes away capital and shares issues is different story

102539156 Dan : So Shd sell or hold? Or buy more? Can advise

Yixuan Li : Why does the price keep falling?

hao96 Yixuan Li : You don't need a reason for stocks to rise or fall.

b34r : 3 billion (2,999,040,481) shares voted in favour of the spinoff, 1400 voted against. Yet the prices drops the next morning. Strange, isn't it?

Khin8858 OP : I am holding hopefully its positive

Small bull : I prefer to sell in this case and watch how it goes. Or invest in a better stock because YZ had over heated in this price.