02/19/2024
Quess Corp shares soared 13% on the morning of February 19 after the company announced it would split into three separate entities, a move aimed at unlocking shareholder value.
On February 16, the company’s board of directors meeting approved the spin-off plan.
The spin-off will create three separate public companies, Quess Corp, Digitide Solutions and Bluspring Enterprises. Quess' responsibilities for workforce management, business process management, insurtech and HR outsourcing will go to Digitide, while facilities management, industrial services and investments will go to Bluspring.
