However, in the subsequent referendum on the question of demerger, he was accused of betraying his supporters by coming out strongly in favour of the no side, supporting the megacity.
The demerger can also occur by transferring the relevant business to a new company or business to which then that company's shareholders are issued shares of.
A demerger can take place through a spin-off by distributed or transferring the shares in a subsidiary holding the business to company shareholders carrying out the demerger.
