Previous close | 2.3500 |
Open | 2.3500 |
Bid | 2.3500 x N/A |
Ask | 2.3600 x N/A |
Day's range | 2.3500 - 2.3600 |
52-week range | 1.6900 - 2.3800 |
Volume | |
Avg. volume | 2,055,005 |
Market cap | 3.838B |
Beta (5Y monthly) | 0.52 |
PE ratio (TTM) | 57.32 |
EPS (TTM) | 0.0410 |
Earnings date | 12 Oct 2021 - 13 Oct 2021 |
Forward dividend & yield | 0.06 (2.55%) |
Ex-dividend date | 22 Nov 2021 |
1y target est | 2.20 |
Singapore Press Holdings (SPH) said it had decided to exercise its right to terminate bidder Keppel Corp's offer and will allow SPH shareholders to vote on a rival S$3.9 billion ($2.9 billion) bid from a tycoon-backed group. "The board would like to update shareholders that, following consultation by the company with the Securities Industry Council(SIC) regarding the termination right, the SIC has ruled that it has no objections to the company's exercise of the termination right," SPH said in a statement late on Wednesday. Conglomerate Keppel, which counts state investor Temasek Holdings as a major shareholder, said its fully-owned unit did not agree with SPH's move and it filed an arbitration notice with the Singapore International Arbitration Centre.
Singapore Press Holdings (SPH) said it had decided to exercise its right to terminate bidder Keppel Corp's offer and will allow SPH shareholders to vote on a rival S$3.9 billion ($2.9 billion) offer from a tycoon-backed group. "The board would like to update shareholders that, following consultation by the company with the Securities Industry Council (SIC) regarding the termination right, the SIC has ruled that it has no objections to the company's exercise of the termination right," SPH said in a statement late on Wednesday.
More than 98% of its shareholders present at a meeting on Thursday voted for the deal to acquire Singapore Press Holdings, Keppel said.