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News - Detailed News Story


Stock Chart
Last Done 1.760
Change -0.010 (-0.56%)
Volume 7,520.5
Range 1.760 - 1.780

SPH undergoing strategic review to 'consider options' for businesses

01 Apr 2021 09:00

By Janice Heng

SINGAPORE Press Holdings is undergoing a strategic review "to consider options for its various businesses", the firm announced on Tuesday after market close.

"While SPH's Media business continues to face a challenging operating environment and outlook, the board of directors believes that SPH remains undervalued and the objective of the strategic review is to unlock and maximise long-term shareholder value," said SPH, which publishes The Business Times.

It noted that there is no assurance that the review will result in any transaction, nor that any definitive or binding agreement will be reached.

Credit Suisse (Singapore) has been appointed as the financial adviser for the review.

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Source: Business Times

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