SPH undertakes strategic review of business

The media large says it's making an attempt to maximise long-term shareholder worth.

Following excessive web earnings figures for the primary half of the yr, Singapore Press Holdings (SPH) has introduced that it's present process a strategic evaluate.

"While SPH’s Media business continues to face a challenging operating environment and outlook, the Board of Directors believes that SPH remains undervalued and the objective of the strategic review is to unlock and maximise long term shareholder value," it stated in a press release.

Credit score Suisse (Singapore) Restricted will work because the monetary advisor for this endeavor.

Whereas this is happening, SPH has suggested its shareholders to train warning when coping with firm shares.

"There is no assurance that such review will result in any transaction, or that any definitive or binding agreement will be reached.SPH will, in compliance with applicable rules, make further announcements as appropriate," it added.