SINGAPORE: Keppel Corp Ltd has offered to buy Singapore Press Holdings Ltd (SPH) for S$2.2bil (US$1.6bil or RM6.76bil) to expand the conglomerate’s business in retail malls, student accommodation and senior living.
The proposed deal, expected to be completed in December, would come after SPH spins off its media assets. Keppel plans to delist as part of the transaction, the companies said in a statement yesterday.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!