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Chand
2022-02-10
Boo Kepler
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Chand
2022-02-02
I agree. Crypto is the future and DAO is the next big thing.
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Crypto is the future and DAO is the next big thing.","listText":"I agree. Crypto is the future and DAO is the next big thing.","text":"I agree. Crypto is the future and DAO is the next big thing.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091365963","repostId":"2208330264","repostType":4,"isVote":1,"tweetType":1,"viewCount":496,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000405","authorId":"9000000000000405","name":"wobee","avatar":"https://static.tigerbbs.com/e56f3c37882a6025b6c89e7973ed332c","crmLevel":1,"crmLevelSwitch":0,"idStr":"9000000000000405","authorIdStr":"9000000000000405"},"content":"In 2022, there will be three key factors to promote the growth of the Ethereum ecosystem, namely, DAO, Defi, and Layer 2.","text":"In 2022, there will be three key factors to promote the growth of the Ethereum ecosystem, namely, DAO, Defi, and Layer 2.","html":"In 2022, there will be three key factors to promote the growth of the Ethereum ecosystem, namely, DAO, Defi, and Layer 2."}],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9091365963,"gmtCreate":1643778124687,"gmtModify":1676533855519,"author":{"id":"3574254939885192","authorId":"3574254939885192","name":"Chand","avatar":"https://static.itradeup.com/news/ac957c6d6c23d694c20ca7cb9be6cb41","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574254939885192","idStr":"3574254939885192"},"themes":[],"htmlText":"I agree. Crypto is the future and DAO is the next big thing.","listText":"I agree. Crypto is the future and DAO is the next big thing.","text":"I agree. Crypto is the future and DAO is the next big thing.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091365963","repostId":"2208330264","repostType":4,"repost":{"id":"2208330264","pubTimestamp":1643761417,"share":"https://ttm.financial/m/news/2208330264?lang=&edition=fundamental","pubTime":"2022-02-02 08:23","market":"us","language":"en","title":"Crypto Crash: 1 Top Cryptocurrency to Buy in a Heartbeat","url":"https://stock-news.laohu8.com/highlight/detail?id=2208330264","media":"Motley Fool","summary":"The promise of real-world use cases makes this an easy investing decision.","content":"<html><head></head><body><p>Since the start of the new year, the cryptocurrency market has lost a jaw-dropping 25% (as of Jan. 27) in 27 days. The Federal Reserve's intention to start raising interest rates in March is encouraging investors to adopt a risk-off approach. This negatively impacts high-growth stocks, but it also adversely affects digital assets.</p><p>The cryptocurrency market is clearly taking a dive. Consequently, this just might be <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the best times to buy <b>Ethereum</b> (CRYPTO:ETH), the world's second-most valuable cryptocurrency. Here's why. </p><p><img src=\"https://static.tigerbbs.com/5e55778fa4732da24b1a14ed4fcaafa2\" tg-width=\"700\" tg-height=\"478\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Image source: Getty Images.</p><h2>What is Ethereum? </h2><p>As the top programmable blockchain, Ethereum's network allows developers to build smart contracts on top of it. These are computer programs that self-execute if and when certain conditions are met. Ethereum's founders set out to create a decentralized, global computing platform functionality that opens up the potential for real-world use cases, as I'll discuss later. This structure is completely different than <b>Bitcoin</b> (CRYPTO: BTC), which is meant to be a peer-to-peer electronic cash system. </p><p>One of the biggest knocks on Ethereum and Bitcoin relates to their proof-of-work consensus mechanisms. This validation method requires massive amounts of computing power to solve mathematical puzzles in order to verify transactions. It's extremely energy-intensive and slow. </p><p>But Ethereum is gearing up for a major makeover to solve these problems. </p><h2>Scaling Ethereum </h2><p>A more environmentally friendly and faster consensus system is on the way. Previously dubbed ETH2, but now simply called the consensus layer, the plan is for Ethereum to transition to a proof-of-stake mechanism, where owners of Ether (ETH), the native token, can stake their holdings in order to earn the right to validate new blocks. Proponents view it as a necessary update to make Ethereum more scalable and sustainable. </p><p>Another critical part of the upgrade is the planned introduction of shard chains, set to be completed in 2023. Sharding will improve Ethereum's capacity significantly by adding 64 new side chains to the entire network. </p><p>Ethereum can only process something like 15 transactions per second (TPS) today, not even remotely enough to handle surging demand. For comparison's sake, <b><a href=\"https://laohu8.com/S/V\">Visa</a></b> and <b>Mastercard</b> can process tens of thousands of TPS. Because of this limited scalability, whenever network congestion is high, the cost to process transactions, known as gas fees, can skyrocket. The average gas fee right now is $145. If Ethereum ever wants to achieve widespread adoption, this obviously won't cut it. </p><p>That's why the implementation of the consensus layer, and a switch to proof-of-stake, will be closely watched this year. It could be a major catalyst for Ethereum's price. </p><h2>Proving that real-world use cases exist </h2><p>Scaling Ethereum is extremely vital to its long-term viability, particularly at a time when decentralized applications (dApps), including decentralized finance (DeFi) protocols and non-fungible tokens (NFTs), are gaining in popularity. There are nearly 3,000 dApps, from gaming and social media to security and identity functions, running on Ethereum today. </p><p>Some interesting projects built on top of Ethereum are DeFi services like <b>Aave</b> and <b>Compound</b>. These apps let users deposit their cryptocurrency balances and borrow against them, often at more favorable interest rates than what traditional banks can offer. And when it comes to NFTs, OpenSea is by far the largest platform, having just raised $300 million in funding and now valued at $13.3 billion. </p><p>Ethereum's programmability can pave the way for a wide range of use cases that can upend numerous industries. And because dApps built on Ethereum's blockchain require ETH to run, the growth of these innovative projects supports demand, and a rising value, for Ethereum over time. </p><h2>Being able to stomach the volatility </h2><p>While Ethereum definitely shows promise to bring real utility from the cryptocurrency world to the mainstream, its price will continue to be volatile. Investors should brace for this inevitability. Price drawdowns in excess of 50% can and will happen, so you have to ask yourself if this is right for you. </p><p>Although Ethereum has plunged 49% since Nov. 10, it's still up an incredible 23,000% over the past five years. The recent dip can be a perfect entry point for long-term investors. </p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto Crash: 1 Top Cryptocurrency to Buy in a Heartbeat</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto Crash: 1 Top Cryptocurrency to Buy in a Heartbeat\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-02 08:23 GMT+8 <a href=https://www.fool.com/investing/2022/02/01/crypto-crash-1-top-crypto-to-buy-in-a-heartbeat/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Since the start of the new year, the cryptocurrency market has lost a jaw-dropping 25% (as of Jan. 27) in 27 days. The Federal Reserve's intention to start raising interest rates in March is ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/02/01/crypto-crash-1-top-crypto-to-buy-in-a-heartbeat/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2022/02/01/crypto-crash-1-top-crypto-to-buy-in-a-heartbeat/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2208330264","content_text":"Since the start of the new year, the cryptocurrency market has lost a jaw-dropping 25% (as of Jan. 27) in 27 days. The Federal Reserve's intention to start raising interest rates in March is encouraging investors to adopt a risk-off approach. This negatively impacts high-growth stocks, but it also adversely affects digital assets.The cryptocurrency market is clearly taking a dive. Consequently, this just might be one of the best times to buy Ethereum (CRYPTO:ETH), the world's second-most valuable cryptocurrency. Here's why. Image source: Getty Images.What is Ethereum? As the top programmable blockchain, Ethereum's network allows developers to build smart contracts on top of it. These are computer programs that self-execute if and when certain conditions are met. Ethereum's founders set out to create a decentralized, global computing platform functionality that opens up the potential for real-world use cases, as I'll discuss later. This structure is completely different than Bitcoin (CRYPTO: BTC), which is meant to be a peer-to-peer electronic cash system. One of the biggest knocks on Ethereum and Bitcoin relates to their proof-of-work consensus mechanisms. This validation method requires massive amounts of computing power to solve mathematical puzzles in order to verify transactions. It's extremely energy-intensive and slow. But Ethereum is gearing up for a major makeover to solve these problems. Scaling Ethereum A more environmentally friendly and faster consensus system is on the way. Previously dubbed ETH2, but now simply called the consensus layer, the plan is for Ethereum to transition to a proof-of-stake mechanism, where owners of Ether (ETH), the native token, can stake their holdings in order to earn the right to validate new blocks. Proponents view it as a necessary update to make Ethereum more scalable and sustainable. Another critical part of the upgrade is the planned introduction of shard chains, set to be completed in 2023. Sharding will improve Ethereum's capacity significantly by adding 64 new side chains to the entire network. Ethereum can only process something like 15 transactions per second (TPS) today, not even remotely enough to handle surging demand. For comparison's sake, Visa and Mastercard can process tens of thousands of TPS. Because of this limited scalability, whenever network congestion is high, the cost to process transactions, known as gas fees, can skyrocket. The average gas fee right now is $145. If Ethereum ever wants to achieve widespread adoption, this obviously won't cut it. That's why the implementation of the consensus layer, and a switch to proof-of-stake, will be closely watched this year. It could be a major catalyst for Ethereum's price. Proving that real-world use cases exist Scaling Ethereum is extremely vital to its long-term viability, particularly at a time when decentralized applications (dApps), including decentralized finance (DeFi) protocols and non-fungible tokens (NFTs), are gaining in popularity. There are nearly 3,000 dApps, from gaming and social media to security and identity functions, running on Ethereum today. Some interesting projects built on top of Ethereum are DeFi services like Aave and Compound. These apps let users deposit their cryptocurrency balances and borrow against them, often at more favorable interest rates than what traditional banks can offer. And when it comes to NFTs, OpenSea is by far the largest platform, having just raised $300 million in funding and now valued at $13.3 billion. Ethereum's programmability can pave the way for a wide range of use cases that can upend numerous industries. And because dApps built on Ethereum's blockchain require ETH to run, the growth of these innovative projects supports demand, and a rising value, for Ethereum over time. Being able to stomach the volatility While Ethereum definitely shows promise to bring real utility from the cryptocurrency world to the mainstream, its price will continue to be volatile. Investors should brace for this inevitability. Price drawdowns in excess of 50% can and will happen, so you have to ask yourself if this is right for you. Although Ethereum has plunged 49% since Nov. 10, it's still up an incredible 23,000% over the past five years. The recent dip can be a perfect entry point for long-term investors.","news_type":1},"isVote":1,"tweetType":1,"viewCount":496,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000405","authorId":"9000000000000405","name":"wobee","avatar":"https://static.tigerbbs.com/e56f3c37882a6025b6c89e7973ed332c","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"9000000000000405","idStr":"9000000000000405"},"content":"In 2022, there will be three key factors to promote the growth of the Ethereum ecosystem, namely, DAO, Defi, and Layer 2.","text":"In 2022, there will be three key factors to promote the growth of the Ethereum ecosystem, namely, DAO, Defi, and Layer 2.","html":"In 2022, there will be three key factors to promote the growth of the Ethereum ecosystem, namely, DAO, Defi, and Layer 2."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9096764621,"gmtCreate":1644464781905,"gmtModify":1676533930187,"author":{"id":"3574254939885192","authorId":"3574254939885192","name":"Chand","avatar":"https://static.itradeup.com/news/ac957c6d6c23d694c20ca7cb9be6cb41","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574254939885192","idStr":"3574254939885192"},"themes":[],"htmlText":"Boo Kepler","listText":"Boo Kepler","text":"Boo Kepler","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096764621","repostId":"2210569602","repostType":4,"repost":{"id":"2210569602","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1644462763,"share":"https://ttm.financial/m/news/2210569602?lang=&edition=fundamental","pubTime":"2022-02-10 11:12","market":"sg","language":"en","title":"Singapore Press Holdings to terminate Keppel's offer, moves ahead with rival bid","url":"https://stock-news.laohu8.com/highlight/detail?id=2210569602","media":"Reuters","summary":"SINGAPORE, Feb 10 (Reuters) - Singapore Press Holdings (SPH) said it had decided to exercise its right to terminate bidder Keppel Corp'soffer and will allow SPH shareholders to vote on a rival S$3.9 b","content":"<html><head></head><body><p>SINGAPORE, Feb 10 (Reuters) - Singapore Press Holdings (SPH) said it had decided to exercise its right to terminate bidder Keppel Corp's offer and will allow SPH shareholders to vote on a rival S$3.9 billion ($2.9 billion) bid from a tycoon-backed group.</p><p>"The board would like to update shareholders that, following consultation by the company with the Securities Industry Council(SIC) regarding the termination right, the SIC has ruled that it has no objections to the company's exercise of the termination right," SPH said in a statement late on Wednesday.</p><p>Conglomerate Keppel, which counts state investor Temasek Holdings (TEM.UL) as a major shareholder, said its fully-owned unit did not agree with SPH's move and it filed an arbitration notice with the Singapore International Arbitration Centre.</p><p>Keppel made an offer in August to buy SPH's global portfolio of property assets, student accommodation and elderly care homes.</p><p>But Cuscaden - a consortium of billionaire property tycoon Ong Beng Seng's Hotel Properties and two independently managed portfolio companies of Temasek - came up with a rival offer.</p><p>The rare bidding war between two groups linked to Temasek then resulted in Cuscaden making a higher offer that was backed by SPH's independent directors in November.</p><p>"With the latest SIC ruling, SPH and Cuscaden can move forward expeditiously to table the Cuscaden Offer for SPH shareholders to vote," Christopher Lim, Group Executive Director of Hotel Properties Limited and spokesperson for Cuscaden, said in a statement.</p><p>Cuscaden had offered around S$2.40 per share, or S$3.9 billion, while Keppel offered S$2.351 per share, or S$3.74 billion.</p><p>($1 = 1.3420 Singapore dollars)</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Press Holdings to terminate Keppel's offer, moves ahead with rival bid</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Press Holdings to terminate Keppel's offer, moves ahead with rival bid\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-02-10 11:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>SINGAPORE, Feb 10 (Reuters) - Singapore Press Holdings (SPH) said it had decided to exercise its right to terminate bidder Keppel Corp's offer and will allow SPH shareholders to vote on a rival S$3.9 billion ($2.9 billion) bid from a tycoon-backed group.</p><p>"The board would like to update shareholders that, following consultation by the company with the Securities Industry Council(SIC) regarding the termination right, the SIC has ruled that it has no objections to the company's exercise of the termination right," SPH said in a statement late on Wednesday.</p><p>Conglomerate Keppel, which counts state investor Temasek Holdings (TEM.UL) as a major shareholder, said its fully-owned unit did not agree with SPH's move and it filed an arbitration notice with the Singapore International Arbitration Centre.</p><p>Keppel made an offer in August to buy SPH's global portfolio of property assets, student accommodation and elderly care homes.</p><p>But Cuscaden - a consortium of billionaire property tycoon Ong Beng Seng's Hotel Properties and two independently managed portfolio companies of Temasek - came up with a rival offer.</p><p>The rare bidding war between two groups linked to Temasek then resulted in Cuscaden making a higher offer that was backed by SPH's independent directors in November.</p><p>"With the latest SIC ruling, SPH and Cuscaden can move forward expeditiously to table the Cuscaden Offer for SPH shareholders to vote," Christopher Lim, Group Executive Director of Hotel Properties Limited and spokesperson for Cuscaden, said in a statement.</p><p>Cuscaden had offered around S$2.40 per share, or S$3.9 billion, while Keppel offered S$2.351 per share, or S$3.74 billion.</p><p>($1 = 1.3420 Singapore dollars)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BN4.SI":"吉宝有限公司"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2210569602","content_text":"SINGAPORE, Feb 10 (Reuters) - Singapore Press Holdings (SPH) said it had decided to exercise its right to terminate bidder Keppel Corp's offer and will allow SPH shareholders to vote on a rival S$3.9 billion ($2.9 billion) bid from a tycoon-backed group.\"The board would like to update shareholders that, following consultation by the company with the Securities Industry Council(SIC) regarding the termination right, the SIC has ruled that it has no objections to the company's exercise of the termination right,\" SPH said in a statement late on Wednesday.Conglomerate Keppel, which counts state investor Temasek Holdings (TEM.UL) as a major shareholder, said its fully-owned unit did not agree with SPH's move and it filed an arbitration notice with the Singapore International Arbitration Centre.Keppel made an offer in August to buy SPH's global portfolio of property assets, student accommodation and elderly care homes.But Cuscaden - a consortium of billionaire property tycoon Ong Beng Seng's Hotel Properties and two independently managed portfolio companies of Temasek - came up with a rival offer.The rare bidding war between two groups linked to Temasek then resulted in Cuscaden making a higher offer that was backed by SPH's independent directors in November.\"With the latest SIC ruling, SPH and Cuscaden can move forward expeditiously to table the Cuscaden Offer for SPH shareholders to vote,\" Christopher Lim, Group Executive Director of Hotel Properties Limited and spokesperson for Cuscaden, said in a statement.Cuscaden had offered around S$2.40 per share, or S$3.9 billion, while Keppel offered S$2.351 per share, or S$3.74 billion.($1 = 1.3420 Singapore dollars)","news_type":1},"isVote":1,"tweetType":1,"viewCount":395,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
