Breaking up SPH is hard to do, says CEO Ng Yat Chung
He says SPH is 'not in divestment mode' after shareholders zoom in on disposal of sgCarMart
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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).
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