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
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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