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Singapore Press Holdings Ltd (SPRM.SI)

SPRM.SI on Stock Exchange of Singapore

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7 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Singapore Press Holdings updates on review of media business
Monday, 17 Oct 2016 05:58am EDT 

Singapore Press Holdings Ltd : "SPH has made several transformative changes, including formation of a new integrated marketing division" . Has undertaken a comprehensive review of its core media business . SPH will also be making several changes to its existing portfolio . SPH will be carrying out a right-sizing exercise across group to reduce operating costs . "this will involve a staff reduction of up to 10% over two years" . SPH will work with relevant unions to ensure that fair terms are given to affected staff ."Market conditions will remain difficult with continuing disruption of media industry".  Full Article

Singapore Press posts qtrly net profit of S$52.7 mln
Friday, 15 Jul 2016 06:33am EDT 

Singapore Press Holdings Ltd : Third quarter results . Qtrly net profit S$52.7 million versus S$98.2 million a year ago . No interim dividend has been declared or recommended in the current reporting period . Qtrly group operating revenue S$291.6 million versus S$306.8 million a year ago . "Newsprint prices remain dependent upon the degree of market balance between supply and demand" . Operating environment is expected to remain difficult . "Retail assets of the group, comprising paragon, the clementi mall and the seletar mall will continue to provide a recurrent income stream" . Group will maintain a conservative stance on its investment portfolio allocation with focus on capital preservation ."Group has embarked on a comprehensive review of its core media business".  Full Article

Singapore Press appoints Patrick Daniel and Anthony Tan as deputy CEOs
Tuesday, 28 Jun 2016 05:20am EDT 

Singapore Press Holdings Ltd : Appointment of deputy chief executive officer) . SPH appoints Patrick Daniel and anthony tan as deputy CEOs, and Warren Fernandez as editor-in-chief of EMTM .  Full Article

Singapore Press Holdings Ltd announces dissolution of company
Sunday, 30 Aug 2015 10:36pm EDT 

Singapore Press Holdings Ltd:Announces that 701Panduan Sdn Bhd, a 50-50 joint venture entity between SPH’s wholly-owned subsidiary, SPH Interactive International Pte Ltd and Star Publications (Malaysia) Bhd, has been dissolved on 29 Aug pursuant to members' voluntary liquidation proceedings commenced earlier.  Full Article

Singapore Press Holdings Ltd incorporates indirect subsidiary
Friday, 17 Apr 2015 06:08am EDT 

Singapore Press Holdings Ltd:Incorporated an indirect wholly-owned subsidiary, SPH Plug & Play Pte Ltd.The Nature of business is investment holding.  Full Article

Singapore Press Holdings Ltd declares dividend
Tuesday, 14 Apr 2015 07:09am EDT 

Singapore Press Holdings Ltd:Says it has declared dividend of S$0.07.Record date is May 7 and ex-dividend date is May 5.The dividend will be paid on May 22.  Full Article

Singapore Press Holdings Ltd announces change of holding interest
Thursday, 8 Jan 2015 10:00pm EST 

Singapore Press Holdings Ltd:Says that 702Search (Thailand) B.V. and 703Search (Indonesia) B.V., subsidiaries of wholly-owned subsidiary, SPH Interactive International Pte Ltd (“SPHII”).Have, on Jan. 8, 2015, issued 100 shres at the par value of 1 euros per share to each Schibsted Classified Media AS and Telenor Communication II AS in 702Search.Also each holds 63 shares in 703Search.Upon the issuance of the above shares, SPHII, Schibsted and Telenor will each hold an equal number of shares in the issued share capital of 702Search.Upon the issuance of the above shares, SPHII will hold 37 pct. of the issued share capital of 703Search (Indonesia) B.V., and Schibsted and Telenor will each hold 31.5 pct.  Full Article

Singapore Press Holdings Ltd announces close of joint ventures transactions
Thursday, 8 Jan 2015 07:01pm EST 

Naspers Ltd and Singapore Press Holdings Ltd:Says that Naspers Limited, Schibsted Media Group, Telenor Group and Singapore Press Holdings announced on Nov. 13, 2014 an agreement to establish joint ventures for the development of their online classifieds platforms in four key markets - Brazil, Indonesia, Thailand and Bangladesh.The transactions closed on Jan. 8, 2015 after all conditions precedent have been satisfied, and the joint ventures are now established.The establishment of the joint ventures will bring substantial benefits to consumers, as they will be able to buy and sell goods on better and more comprehensive market places.The businesses will also be able to share cost, expertise and people to more effectively build awareness of the benefits of a vibrant online classifieds offering to consumers.  Full Article

Singapore Press Holdings Ltd's SPH Interactive International incorporates two subsidiaries
Friday, 2 Jan 2015 05:54am EST 

Singapore Press Holdings Ltd:Says the incorporation of two wholly owned subsidiaries on Dec. 24, 2014 , both held through its direct subsidiary, SPH Interactive International Pte Ltd.702Search (Thailand) B. V. and 703Search (Indonesia) B. V. in the Netherlands.  Full Article