SINGAPORE (THE BUSINESS TIMES) – Following a financial analysis, Singapore Press Holdings’ (SPH) appointed independent financial adviser has advised the company’s directors to recommend that shareholders vote in favour of the proposed restructuring of its media business.
The independent financial adviser, Evercore Asia (Singapore), said in a letter to the board of directors that the restructuringwouldpreventSPH from having to bearpotentially significant and recurring losses ofthe media business going forward.
It added that the move will allow SPH to “set a clear strategic direction” with a focus on the real estate sector and related segments of student accommodation and aged care while eliminating the risks and uncertainties associate…
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