Separation from media will let SPH seize new opportunities

Company can be transformed into 2 successful entities, with each playing in its own space

Paragon mall in Orchard Road is one of SPH's properties.ST PHOTO: DESMOND WEE

A lot of ink has been spilt and many opinions have been shared on social media about the proposed restructuring of Singapore Press Holdings.

Under the plan, SPH would be giving up 6.6 per cent of its assets to a new entity, a company limited by guarantee (CLG). This means SPH will give the entity $80 million in cash, $20 million in SPH Reit stock and $10 million of SPH treasury shares.

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A version of this article appeared in the print edition of The Straits Times on May 17, 2021, with the headline 'Separation from media will let SPH seize new opportunities'. Subscribe