SPH completes divestment of stake in 701Search
A WHOLLY owned subsidiary of media group Singapore Press Holdings Limited (SPH) has completed the divestment of its stake in 701Search Pte Ltd.
Following the announcement, SPH closed trading at S$3.23 on Friday, down two Singapore cents, or 0.62 per cent.
On May 12 this year, it was announced that SPH Interactive International Pte Ltd (SPHII), had entered into a conditional agreement with Telenor Communication II AS for the divestment of SPHII's stake in 701Search.
701Search has now ceased to be an associated company of SPH.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Global wave of consultancy layoffs has not hit Singapore
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece
P&G raises annual core profit forecast on resilient demand, price hikes
American Express beats profit estimates on strong spending by wealthy customers
Sheng Siong shareholders press for details on capital allocation, M&A opportunities
Wilmar appoints former minister George Yeo as independent non-executive director