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SPH has $1.2b war chest to invest in new projects

Group's 35% gearing gives it substantial borrowing capacity, CEO Alan Chan tells shareholders at AGM

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Responding to a question on whether SPH is aggressive enough in its digital media investments, chairman Lee Boon Yang (second from left) said: “Yes we want to make faster progress, but we will do it in our own way - measured, calculated and cautious.” On the right is CEO Alan Chan.

Singapore

SINGAPORE Press Holdings (SPH) is in a strong financial position to tap new growth opportunities as the media group navigates new battlefields in a changing media landscape, said its top management on Tuesday.

"Shareholders may wish to note that actually we have a