Singaporean conglomerate Keppel said on Monday it would buy Singapore Press Holdings (SPH) for S$2.24 billion ($1.65 billion), excluding the newspaper publisher’s media business.
Who is SPH owned by?
In February 2019, it was announced that Keppel Corporation and Singapore Press Holdings (SPH) had together obtained majority control of telco M1, after Axiata accepted their joint offer of $2.06 a share for a 28.6 per cent stake.
Is Singapore Press Holdings owned by government?
Mediacorp is a government owned corporation, while SPH is a listed company whose share holdings are widely distributed (a legal requirement forbidding any single shareholding being above a specified limit), but with a special provision for the government to appoint its senior executives, who in turn bring in other …
What will happen to SPH shareholders?
The scheme will require approval from both SPH and Keppel shareholders. If it goes through, SPH 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.
Will SPH be Privatised?
The pair halted trading on Monday to announce an offer by Keppel to privatise SPH after its media business is hived off. The offer, which values SPH at $3.4 billion, will see SPH delisted and become a wholly owned subsidiary of Keppel, whose share of the deal stands at $2.2 billion.
Is MediaCorp owned by government?
State-owned MediaCorp owns and operates all seven free-to-air terrestrial local television channels licensed to broadcast in Singapore, as well as 14 radio channels. Radio and television stations are all government-owned entities.
Is Singapore a country?
Singapore is a sunny, tropical island in Southeast Asia, off the southern tip of the Malay Peninsula. Singapore is a city, a nation and a state.
What is chairman VS CEO?
Rank: The chairman holds the top position on the board of directors or board of trustees. The CEO holds the top position in the operational structure of the company. Reporting: The chairman directly manages the company’s board members. The CEO directly manages the company’s senior executives.
What is SPH management shares?
These shares give management shareholders 200 times the voting power of an ordinary shareholder on resolutions relating to the appointment of directors and staff of such companies. The issuance and transfer of these shares are subject to the approval of the Minister for Communications and Information.
Is SPH state owned?
Singapore’s news industry is dominated by Singapore Press Holdings (SPH), a corporation created by the merger of two newspaper groups. While not government-owned, it is closely supervised by the political leadership. Its flagship title and de facto national paper is the English-language Straits Times, founded in 1845.
Is SingPost a good stock?
Overall. SingPost have a final score of 6/10. With a payout ratio of >80% and EPS growth rate of negative, I think this is not a dividend stock that I will like to invest. But on the flipside, SingPost is currently having a low D/E ratio.