If it would be a subdivision of BOTH companies then wouldn't it be a dual listing ? The pr way back comes to mind;We feel it to be in the best interest of our shareholders for KAT to seek a dual listing on a major exchange. Along with a US listing, we will now proceed to meet the requirements of gaining a listing on one of the largest Asian Stock Market Exchanges, later to be named. This too is being organized by our Private Independent Consultants.