SINGAPORE -Keppel Corp has offered to take Singapore Press Holdings (SPH) private under ascheme which gives SPH a $3.4 billion value following the restructuring of its media business, it announced on Monday (Aug 2). Here is a recap of the recent developments for SPH, which publishes The Straits Times.
Oct 13, 2020: SPH posts its first ever net loss of $83.7 million for the full financial year ended Aug 31 last year, and a loss before taxation of $11.4 million for its media business. This reversed profits seen in the previous financial year.
Oct 14, 2020: Shares of SPH dip below $1 for the first time.
March 30, 2021: SPH announces it is undergoing a strategic review to consider options for its various businesses.
May 6, 2021: SPH says i…
Read the full article at: https://www.straitstimes.com/business/companies-markets/keppels-34b-privatisation-offer-for-sph-timeline-of-key-developments