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Keppel Corp

Stock Chart
Last Done 5.100
Change -0.010 (-0.20%)
Volume 1,156.1
Range 5.080 - 5.130

Temasek 1.8% 261124XB#

Stock Chart
Last Done 1.009
Change -0.001 (-0.10%)
Volume 16
Range 1.009 - 1.009

SPH

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Last Done 2.330
Change -0.010 (-0.43%)
Volume 5,698.1
Range 2.330 - 2.340

Keppel Reit

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Last Done 1.120
Change - (-)
Volume 2,658.8
Range 1.110 - 1.130

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Last Done 0.990
Change -0.010 (-1.00%)
Volume 904
Range 0.990 - 1.010

HPL

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Last Done 3.280
Change -0.020 (-0.61%)
Volume 2.8
Range 3.280 - 3.290

Sias questions Cuscaden and Keppel on SPH bid following investor feedback

25 Nov 2021 09:00

By Kelly Ng

FOLLOWING investors' feedback, the Securities Investors Association (Singapore) (Sias) has posed questions to Cuscaden Peak and Keppel Corporation on their competing offers for Singapore Press Holdings (SPH).

Among other things, Sias, via a letter from its president and chief executive David Gerald, asked Cuscaden Peak to spell out its long-term plans for SPH Reit, should its bid succeed. Sias also sought Cuscaden Peak's intention with regard to the listing status of the Reit.

It also asked what factors would determine the chain offer price for SPH Reit, should such an offer be triggered, given the trading price of S$1.01 as of Monday (Nov 22).

Gerald's letter to Keppel questioned why Keppel was making it urgent for SPH shareholders to cast their votes. This was with reference to Keppel's comments on Nov 16, when it reiterated that its offer was "firm and irrevocable".


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Source: Business Times
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