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HOCK LOCK SIEW

Bidding adieu to the idea of a core business - for now

Diversifying from the core is accepted, for now at least, as a valuable strategy in battling cyclical or structural challenges

WHEN Singapore Press Holdings put its landmark Times House site up for sale years ago, a senior executive vice-president then said: "We consider property assets as non-core and have said that we will divest them in a manner that would maximise shareholders' value."

That was back in 2003...

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