August 25, 2017 / 11:27 AM / 4 months ago

BRIEF-Singapore Press Holdings says entered into conditional sale and purchase agreement

Aug 25 (Reuters) - Singapore Press Holdings Ltd:

* Entered into conditional sale and purchase agreement with Mediacorp

* Agreement with Mediacorp in relation to proposed divestment of Sph’s stakes in Mediacorp Press & Mediacorp Tv Holdings

* Transaction is not expected to have a material effect on earnings per share of SPH for financial year ending 31 Aug 2017

* SPH will sell to Mediacorp 19.3 million ordinary shares in MPL, for a consideration of S$9.4 million

* Will sell to Mediacorp 18 million ordinary shares in MTV for a consideration of S$8.6 million Source text for Eikon: Further company coverage:

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