Good for sph-To The Moon - Tiger Brokers Online Investing Community - To The Moon

2
Comment
Favorite

Simplehuman
2022-02-10

Good for sph

Singapore Press Holdings to terminate Keppel's offer, moves ahead with rival bid

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

Singapore Press Holdings to terminate Keppel's offer, moves ahead with rival bid

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

2

Report

Comment

Top
Latest

Kristo
·2022-02-11
yes
Reply
Like
Report

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":9096741617,"tweetId":"9096741617","gmtCreate":1644470976553,"gmtModify":1676533930932,"author":{"id":4090845634066540,"idStr":"4090845634066540","authorId":4090845634066540,"authorIdStr":"4090845634066540","name":"Simplehuman","avatar":"https://static.tigerbbs.com/54ff0b8c8c3b676a1cc2d5ec9fada19f","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":6,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Good for sph&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>Good for sph&nbsp;</p></body></html>","text":"Good for sph","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9096741617","repostId":2210569602,"repostType":4,"repost":{"id":"2210569602","kind":"news","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://www.laohu8.com/m/news/2210569602?lang=&edition=full","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&#39;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>&#34;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&#39;s exercise of the termination right,&#34; 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&#39;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&#39;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&#39;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&#39;s independent directors in November.</p><p>&#34;With the latest SIC ruling, SPH and Cuscaden can move forward expeditiously to table the Cuscaden Offer for SPH shareholders to vote,&#34; 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&#39;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>&#34;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&#39;s exercise of the termination right,&#34; 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&#39;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&#39;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&#39;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&#39;s independent directors in November.</p><p>&#34;With the latest SIC ruling, SPH and Cuscaden can move forward expeditiously to table the Cuscaden Offer for SPH shareholders to vote,&#34; 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":543,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":10,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":100496432,"commentId":"100496432","gmtCreate":1644542227590,"gmtModify":1663243605743,"authorId":3557634928383187,"author":{"id":3557634928383187,"idStr":"3557634928383187","authorId":3557634928383187,"name":"Kristo","avatar":"https://static.tigerbbs.com/07075676425d47f31685477722d0d415","vip":1,"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9096741617,"objectIdStr":"9096741617","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"yes","text":"yes","html":"yes","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}