SPH to divest convenience store chain Buzz; retains right to sell its publications in outlets
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SINGAPORE Press Holdings (SPH) announced after trading hours on Monday that it will be divesting its wholly-owned subsidiary Buzz Shop to Thai-Pore Enterprise for an undisclosed sum.
No value was given for the divestment, which is expected to be completed after the satisfaction of a condition, which is to obtain consent from landlords.
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
Singaporeans can now buy record amount of yen per Singdollar
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain