HPL, Ong Beng Seng, Temasek units CLA and Mapletree in rival offer for SPH
S$2.10-a-share full cash offer pips Keppel's S$2.099 bid in cash and Reit units
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
A CONSORTIUM comprising Hotel Properties (HPL), H15 businessman Ong Beng Seng, and two Temasek-linked entities, CLA and Mapletree, is proposing to acquire Singapore Press Holdings (SPH) T39 at S$2.10 per share in cash.
In an announcement on Friday (Oct 29) before the market opened, the consortium announced it had on Thursday submitted to the SPH board a proposed acquisition for all the shares of SPH via a scheme of arrangement.
The consortium vehicle, Cuscaden Peak, is 40 per cent held by a HPL unit called Tiga Stars, 30 per cent held by Temasek unit CLA Real Estate Holdings, and 30 per cent held by the Mapletree group. Property group Mapletree is also a Temasek-linked entity.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
