Breaking up SPH is hard to do, says CEO Ng Yat Chung

Singapore

SOME shareholders of Singapore Press Holdings (SPH) have seized on the company's recent divestment of sgCarMart for S$150 million to support the belief that piecemeal disposals of assets can extract a better value than Cuscaden Peak's all-cash offer of S$2.36 a share.

But this is not necessarily the reality, said SPH's chief executive Ng Yat Chung at a virtual information session organised by the Securities Investors Association (Singapore) last Friday (Mar 11). Details of the proceedings were released on Wednesday (Mar 16).