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SPH to Restructure Media Business into Not-for-Profit Entity


Carbon82
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Keppel Corp in S$3.4 billion privatisation bid for SPH's non-media business

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KEPPEL Corporation on Monday made a privatisation offer for Singapore Press Holdings' (SPH) non-media business through a scheme of arrangement. The deal values SPH at S$3.4 billion with Keppel's share of the deal totalling S$2.2 billion.

Under the scheme, shareholders will receive a total consideration of S$2.099 per share. This will comprise cash of $0.668 per share, 0.596 Keppel Reit unit valued at S$0.715 per unit, and 0.782 SPH Reit units valued at S$0.716 per unit from a distribution in-specie by SPH.

The scheme is subject to approval by SPH and Keppel shareholders, as well as other conditions and regulatory approvals.

If the deal is approved, SPH, which publishes The Business Times, will be delisted and will become a wholly owned subsidiary of Keppel. Keppel will hold stakes of about 20 per cent in both SPH Reit and Keppel Reit.

https://www.businesstimes.com.sg/companies-markets/keppel-corp-in-s34-billion-privatisation-bid-for-sphs-non-media-business

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SIA, Sembcorp, Keppel, SPH, etc

seriously, if T did not pump $$$ .... all jialat liao, close shop liao, isn't it?

Edited by Wt_know
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7 minutes ago, Blueray said:

yup, looks like it.

Non-media is the money making part of the business.

Unlike Media.

It benefit Keppel shareholders more than SPH.

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44 minutes ago, inlinesix said:

Non-media is the money making part of the business.

Unlike Media.

It benefit Keppel shareholders more than SPH.

yeah, media is about content and generating eyeballs, which somehow is not happening for SPH when the world went digital. 

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1 hour ago, inlinesix said:

Non-media is the money making part of the business.

Unlike Media.

It benefit Keppel shareholders more than SPH.

Nonmedia is basically a reit right? Any monkey can make money from a reit... you have to be seriously incompetent to lose money being a landlord in land-scarce Singapore

Edited by yishunite
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3 hours ago, Blueray said:

yeah, media is about content and generating eyeballs, which somehow is not happening for SPH when the world went digital. 

wasted.. if only SPH had bought Tik Tok...

Or create a local version call tok kok, it would have been a whole different  world..

imagine every article has a link for people to comment ...in the foreground while reading the static page...

Edited by Sdf4786k
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3 hours ago, yishunite said:

Nonmedia is basically a reit right? Any monkey can make money from a reit... you have to be seriously incompetent to lose money being a landlord in land-scarce Singapore

same can be said of not being to sell newspapers in SG even with a 90%+ monopoly. [;)]

I noticed dairy farm group is no longer running the multipage ads for Cold Storage and Giant in ST for the past 2 - 3 months. 

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19 minutes ago, Sdf4786k said:

wasted.. if only SPH had bought Tik Tok...

Or create a local version call tok kok, it would have been a whole different  world..

imagine every article has a link for people to comment ...in the foreground while reading the static page...

It will be call. . . 

 

Tok Tok Chiang! :grin:

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3 minutes ago, kobayashiGT said:

It will be call. . . 

 

Tok Tok Chiang! :grin:

thats for the obituary page bro..plus put GEO GPS tracking for ashes to be spread..

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42 minutes ago, Sdf4786k said:

wasted.. if only SPH had bought Tik Tok...

Or create a local version call tok kok, it would have been a whole different  world..

imagine every article has a link for people to comment ...in the foreground while reading the static page...

Don’t think they want that :XD:

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26 minutes ago, Sdf4786k said:

thats for the obituary page bro..plus put GEO GPS tracking for ashes to be spread..

Yah. We alrd have a very capable COO here liao.

Paging @RadX hahahahahah.

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7 hours ago, Blueray said:

Okay. The most important thing is when I renew my electricity plan for my home, do I get staff's discount? 😂😂😂

https://www.keppelelectric.com/

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