You are here

SPH completes divestment of stake in 701Search

sph.jpg
A wholly owned subsidiary of media group Singapore Press Holdings Limited (SPH) has completed the divestment of its stake in 701Search Pte Ltd.

A WHOLLY owned subsidiary of media group Singapore Press Holdings Limited (SPH) has completed the divestment of its stake in 701Search Pte Ltd.

Following the announcement, SPH closed trading at S$3.23 on Friday, down two Singapore cents, or 0.62 per cent.

On May 12 this year, it was announced that SPH Interactive International Pte Ltd (SPHII), had entered into a conditional agreement with Telenor Communication II AS for the divestment of SPHII's stake in 701Search.

701Search has now ceased to be an associated company of SPH.

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom