SPH ends up, Keppel down after privatisation proposal

Singapore

INVESTORS appeared to cheer Keppel Corp's surprise bid to take Singapore Press Holdings (SPH)'s non-media business private, and analysts have been mostly positive on the expected value for both Keppel and SPH shareholders.

Shares of SPH rose 2.1 per cent or S$0.04 on Tuesday, to end at S$1.92. It was among the most traded stocks of the day on the Singapore Exchange, by both value and volume, with 52.3 million shares changing hands worth S$101 million.

Keppel shares, however, rose briefly in intraday trading but ended at…

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