SINGAPORE - The battle royal for Singapore Press Holdings (SPH) seems to be coming to its conclusion with hotelier Ong Beng Seng-led Cuscaden Peak poised to clinch the property group with his sweetened offer of up to $2.40 per SPH share.
Cuscaden, a consortium comprising Mr Ong's investment vehicle, a unit of Mapletree group and the controlling shareholder of CapitaLand, has put two options on the table.
We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused. Until we resolve the issues, subscribers need not log in to access ST Digital articles. But a log-in is still required for our PDFs.