Singapore Press Holdings (SPH)

[opmi]

2 former media monopolies in SG:

SPH - property investor
MediaCorp - Welfare state

Jialat.

[weijian]

Interesting that SPH are taking down similar path as G.K Goh. The only difference is that G.K Goh decides to start a greenfield project (which they may try to monetize or reit-ize it in future), while SPH, with more resources is able to buy over readily available and mature assets for income generation to support their declining core biz.

[cyclone]

SPHI, a wholly own subsidiary of SPH, will sell to Telenor 60,202,480 shares of 701Search, representing SPHII’s entire interest of 1/3 of the total issued and paid-up shares for a consideration of approximately US$109 million.

701Search Group operates an online classifieds business specialising in building and growing online marketplaces in Malaysia, Vietnam and Myanmar.

SPHII, Telenor and Schibsted Classified Media AS each holds 1/3 of the issued and paid-up share capital as at the date of this announcement.

[opmi]

SPH first time make money on tech investing?

[holymage]

SPH is a substantial stakeholder in iFAST prior to its ipo if I didn't recall wrongly.

Sent from my SM-G930F using Tapatalk

[lonewolf]

Press Release: SPH APPOINTS NEW EXECUTIVE DIRECTOR AND CEO DESIGNATE

More details on the CEO Designate qualification >> Here

Yay or nay??

[opmi]

Maybe new CEO is catalyst for liquidation/privatisation...hahha

[soros]

What Mr Ng Yat Chung said :

Mr Ng said: “I am pleased to join SPH as Executive Director and CEO Designate. The
media landscape is rapidly evolving with technological convergence in the digital age.
There are vast opportunities that can be reaped despite these challenges facing us. As
a Board member, I have been involved in deliberations on SPH’s growth plans and
strategies, including its entry into the healthcare and private nursing home sector with
its acquisition of Orange Valley. I look forward to working with the Board and the
Company to bring SPH to the new phase of growth.”

[Behappyalways]

Ex-NOL CEO Ng Yat Chung is the best person to lead Singapore Press Holdings?
http://mothership.sg/2017/05/ex-nol-ceo-...-holdings/

[apenquotes]

Ex-NOL CEO Ng Yat Chung is the best person to lead Singapore Press Holdings?
http://mothership.sg/2017/05/ex-nol-ceo-...-holdings/

Whether he is the best or not, he will nevertheless be handsomely rewarded.

http://www.theindependent.sg/after-earni...-from-sph/