SPH   

Wisdom in SPH restructuring

The main difference is an all cash offer from the Cuscaden Peak, which is better than the one from Kepple. 

 

SPH gets offer from consortium involving Hotel Properties, Ong Beng Seng and Temasek units

29 Oct 2021 08:56AM

SINGAPORE: Consortium vehicle Cuscaden Peak, involving Hotel Properties (HPL) and businessman Ong Beng Seng as well as Temasek Holdings' units CLA and Mapletree, have made an offer to acquire Singapore Press Holdings (SPH).

The consortium announced before market open on Friday (Oct 29) that it proposed S$2.10 per share in cash for all of SPH' s issued and paid-up ordinary shares. The offer was presented to SPH' s board on Thursday.

Cuscaden Peak is 40 per cent held by investment holding company Tiga Stars, which is 70 per cent owned by Hotel Properties and 30 per cent by Como Holdings. Como is owned by Mr Ong, who is also the managing director and majority shareholder of HPL.

Adenium, a subsidiary of Temasek portfolio company CLA, owns 30 per cent of the consortium. 

Mapletree Fortress, a subsidiary of Temasek portfolio company Mapletree, owns the remaining 30 per cent of Cuscaden Peak. .
https://www.channelnewsasia.com/business/sph-offer-temasek-holdings-mapletree-hotel-properties-ong-beng-seng-2276681



 

 

The village chief, ie father to the 2 boys, said : I do not interfere in my sons? life, they are free to pursue their love.

TraderBen      ( Date: 29-Oct-2021 09:08) Posted: Temasek getting invloved in both deals? no conflict of interests?

 

Temasek getting invloved in both deals? no conflict of interests?

 

Good point, it is certainly questionable to offer at this time and ALSO the price is the same as Kep 
Original offer was subjected to removal of media division and at that time where business/lost are high ...time is a big factor 
I dont even know if SPH board can reopen and consider this new offer UNTIL the vote on Kep is done .
They could have offer a higher price ( even one cent more) then the vote maybe more interesting. 
Lol so this offer ( sincerity ) is very questionable ? 
Dyodd

pasttime      ( Date: 29-Oct-2021 08:45) Posted: quite true it is not so fair at current vtl open up changes. kepcorp offer for sph was at low point. situations has since changed. and the sph own unicorn may be near to harvest.

 

new deal is just a proposal.. not legally binding . not discussed with sph, not approved with sph. Got a feeling once the Keppel EGM fails, the new offer disappears too :) then gone case

investshare      ( Date: 29-Oct-2021 08:32) Posted: All things equal, the new deal is better because all cash. Goldfinger      ( Date: 29-Oct-2021 08:07) Posted: Lovely to see a bidding war in progress. Harder to get the 75% reso passed now if the vote is split.

 

quite true it is not so fair at current vtl open up changes.
kepcorp offer for sph was at low point.
situations has since changed. and the sph own unicorn may be near to harvest.

 

The best for SPH holders is to maybe sit tight like what I will do - reject both offers. Let them fight it out with better offers and maybe others will join in too.

investshare      ( Date: 29-Oct-2021 08:32) Posted: All things equal, the new deal is better because all cash. Goldfinger      ( Date: 29-Oct-2021 08:07) Posted: Lovely to see a bidding war in progress. Harder to get the 75% reso passed now if the vote is split.

 

Who she is to marry is all up to her dad....who has the final answer. haha

investshare      ( Date: 19-Oct-2021 09:29) Posted: Family members and whole village may be angry, but the lady is happy, furthermore the bf is son of village chief, so who dare to 抢 亲 ？ mysterytrade      ( Date: 16-Oct-2021 12:10) Posted: You should not say good bye but continue to see if the wedding of the year event is gonna get through! So many tycoons after the beautiful and rich lady, why choose a boyfriend that angers the whole family. Certainly the whole village is against that. Staying single for now will appreciate her value much more!! A gem that her billionaire bf lusts

 

All things equal, the new deal is better because all cash.

Goldfinger      ( Date: 29-Oct-2021 08:07) Posted: Lovely to see a bidding war in progress. Harder to get the 75% reso passed now if the vote is split.

 

Interesting this JV just incorporated only on 11 Oct 2021.
 

Incorporation of Local Company (With Constitution)

investshare      ( Date: 29-Oct-2021 07:13) Posted: Interesting .. now another son of the village chief want to marry the pretty lady too.

 

Lovely to see a bidding war in progress. Harder to get the 75% reso passed now if the vote is split.

 

Interesting .. now another son of the village chief want to marry the pretty lady too.

 

The lady is going to get married and leave the old house, does she care what happen to the 10 years old microwave oven in the kitchen?

infoshare      ( Date: 18-Oct-2021 23:07) Posted: what would happen to  https://www.asiaone.com/  after the restructuring of SPH ? What are the business goals and mission of    https://www.asiaone.com/  , seems its content and the value it brings to society is very fuzzy. What is the P& L of this division

 

Family members and whole village may be angry, but the lady is happy, furthermore the bf is son of village chief, so who dare to 抢 亲 ？

mysterytrade      ( Date: 16-Oct-2021 12:10) Posted: You should not say good bye but continue to see if the wedding of the year event is gonna get through! So many tycoons after the beautiful and rich lady, why choose a boyfriend that angers the whole family. Certainly the whole village is against that. Staying single for now will appreciate her value much more!! A gem that her billionaire bf lusts. investshare      ( Date: 16-Oct-2021 09:24) Posted: As I predicted months ago, the beautiful lady finally going to marry her rich boyfriend. I got in $1.28, soon time to say good bye

 

what would happen to  https://www.asiaone.com/  after the restructuring of SPH ?

What are the business goals and mission of    https://www.asiaone.com/  , seems its content and the value it brings to society is very fuzzy.

What is the P& L of this division 

 

You should not say good bye but continue to see if the wedding of the year event is gonna get through!

So many tycoons after the beautiful and rich lady, why choose a boyfriend that angers the whole family. Certainly the whole village is against that. Staying single for now will appreciate her value much more!! A gem that her billionaire bf lusts.

investshare      ( Date: 16-Oct-2021 09:24) Posted: As I predicted months ago, the beautiful lady finally going to marry her rich boyfriend. I got in $1.28, soon time to say good bye. investshare      ( Date: 13-May-2021 08:34) Posted: Now Part 2 of the story: The daughter herself is very beautiful and rich. Her billionaire boyfriend wants to marry her, but of course does not want to stay with her in that old house. So she has 2 choices, one is to remain single stay alone in the old house (so called worth a lot of money), or move out to live in her boyfriend bigger mansion. Which would you choose? Please remember that without cutting the media business , Sph cannot bring in substantial shareholders, like the daughter cannot get married. Properties is rare commodity in Singapore. You can see all big properties companies are tightly controlled by tycoons. Once Sph free from the shareholding limit, what would those tycoons do? I start to admire my own wisdom for seeing through the wisdom behind this deal

 

As I predicted months ago, the beautiful lady finally going to marry her rich boyfriend.
I got in $1.28, soon time to say good bye.

investshare      ( Date: 13-May-2021 08:34) Posted: Now Part 2 of the story: The daughter herself is very beautiful and rich. Her billionaire boyfriend wants to marry her, but of course does not want to stay with her in that old house. So she has 2 choices, one is to remain single stay alone in the old house (so called worth a lot of money), or move out to live in her boyfriend bigger mansion. Which would you choose? Please remember that without cutting the media business , Sph cannot bring in substantial shareholders, like the daughter cannot get married. Properties is rare commodity in Singapore. You can see all big properties companies are tightly controlled by tycoons. Once Sph free from the shareholding limit, what would those tycoons do? I start to admire my own wisdom for seeing through the wisdom behind this deal. Adrianinsing      ( Date: 12-May-2021 23:19) Posted: A brilliant analogy

 

（ 早 报 讯 ） 新 加 坡 报 业 控 股 （ SPH） 今 天 下 午 举 行 线 上 特 别 股 东 大 会 ， 剥 离 媒 体 业 务 的 两 项 决 议 都 获 得 股 东 高 票 支 持 通 过 ， 完 成 重 组 计 划 的 第 一 步 。

这 意 味 着 集 团 下 来 可 以 展 开 第 二 步 的 重 组 计 划 的 第 二 步 ， 即 让 吉 宝 企 业 （ Keppel Corp） 提 出 的 全 面 收 购 及 私 有 化 献 议 。

在 今 天 的 特 别 股 东 大 会 上 ， 股 东 就 剥 离 重 组 媒 体 业 务 的 两 项 决 议 进 行 投 票 表 决 。

 

Look at Classified Ads..getting thinner by the day..fewer or no one advertises nowadays

ckmpd1      ( Date: 03-Jul-2021 09:34) Posted: who buys Straits Times these days?  Adverts in Straits Times are a waste of money for the advertisers des_khor      ( Date: 03-Jul-2021 09:28) Posted: 4th week never see COURTS advertisement