SPH
SPH Media Trust is incorporated as a public company limited by guarantee. It has several business segments in the media industry, including the publishing of newspapers, magazines, and books in both print and digital editions.
See below for the Latest SPH News, Analysis, Profit Results, Share Price Information, and Commentary.
Cuscaden Peak bags AU regulatory approval of SPH acquisition scheme
Cuscaden Peak bags AU regulatory approval of SPH acquisition scheme
It also waived its right to walk away from potential material adverse effects.
SPH announces completion of media restructuring
This includes all media-related assets and 2,500 employees.
SPH bidding war: Keppel waives its walk-away right under MAE clause
CEO Loh Chin Hua said the move was a “deliberate decision” on Keppel’s part.
Keppel stands firm on $2.351 per SPH share offer
Keppel calls its offer compelling and a win-win proposition.
Temasek-backed Cuscaden announces offer for SPH
Two options were elaborated in their announcement.
Keppel cash component for SPH up 12% to $0.868 per share
This represents a total revised scheme consideration of $2.35.
Cuscaden obliged to offer $0.964 chain offer price per SPH REIT unit
This is based on the average daily VWAP of the units within the last 20 trading days.
SPH REIT posts negative rental reversion of 8.4%
This is due to weak retail leasing sentiment.
SPH bounces back with 69.8% increase in operating profit
This follows after SPH restructured its media business.
SPH REIT net property income up 11.4% YoY
Its distribution per unit is up 98% YoY to 5.40 cents for FY2021.
SPH shareholders to push in favor of restructuring
The media business would be transferred to a not-for-profit entity.
SPH drops media business
This is the result of a restructuring effort by the group.
SPH Reit establishes five-year loan of $85m
The loan is a result of an arrangement with DBS Trustee Limited.
Keppel, SPH merger a good deal for both: UOB Kay Hian
Keppel is set to fully acquire SPH’s non-media businesses by end-December if shareholders approve.
SPH shareholders to receive $2.099 per share following acquisition by Keppel
Keppel Corp has proposed the acquisition of SPH, minus its media assets, for $2.2b.
Keppel Corp posts plans to acquire SPH ex-media for $2.2b
The proposed transaction is expected to be completed by December 2021.
SPH appoints Yeoh Oon Jin as new board director
He will also be appointed to the Executive Committee and the Audit Committee.
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