Restructuring SPH's media business is timely, say analysts, but Sias flags concerns

SPH announced that it was restructuring its media business into a not-for-profit entity on May 6, 2021.
SPH announced that it was restructuring its media business into a not-for-profit entity on May 6, 2021.ST PHOTO: GAVIN FOO

SINGAPORE - The move to restructure Singapore Press Holdings' media business as a not-for-profit entity is timely, said several analysts, though the Securities Investors Association (Singapore) raised some questions about the proposal.

Sias president and chief executive David Gerald asked, for example, why the media business could not be profitable and queried the upfront capitalisation of the proposed new entity.

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