Poon Chian Hui on Muck Rack

Poon Chian Hui

Verified
Singapore
As seen in: Singapore Press Holdings, The Straits Times, AsiaOne
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Articles

SPH shareholders vote in favour of hiving off media business

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By Poon Chian Hui Verified
| The Straits Times Verified
SINGAPORE - Shareholders of Singapore Press Holdings (SPH) have overwhelmingly backed its plan to hive off its media business, paving the way for the formation of a new company limited by guarantee (CLG), while potentially unlocking shareholder value for the mainboard-listed company. At a virtual extraordinary general meeting held on Friday (Sep 10), 97.55 per cent of shareholders voted in favour of the transfer of SPH's media business to the CLG for a nominal sum of $1.
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SPH to hive off media business: What is a 'company limited by guarantee'?

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By Poon Chian Hui Verified, Prisca Ang
| The Straits Times Verified
SINGAPORE - Singapore Press Holdings (SPH), which publishes The Straits Times and Lianhe Zaobao, said on Thursday (May 6) it intends to transfer its media business to a not-for-profit company as part of a strategic review of its various businesses.
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SPH restructuring will give better financial flexibility to maximise shareholder returns: Chairman Lee Boon Yang

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By Poon Chian Hui Verified
| The Straits Times Verified
SINGAPORE - The plan to restructure Singapore Press Holdings' (SPH) media business into a not-for-profit entity will give the company greater financial flexibility to maximise returns for shareholders, said SPH chairman Lee Boon Yang. It will also remove uncertainty for shareholders given that losses for SPH's media business are expected to widen amid ongoing challenges faced by the industry.
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