- SPH will be restructuring its media business into a not-for-profit entity, which will be a newly formed public company limited by guarantee.
- Following the restructuring, SPH will no longer be subject to shareholder and other relevant restrictions under the
Singapore Press Holdings Limited‘s (SGX: T39) long-term share price chart reveals a lot of things.
Source: Google Finance
Singapore Press Holdings (SPH), which was once a local stock market darling, has seen its share price crumble amid the headwinds in its traditional media business.
With the proliferation of online advertising through Facebook and Google, SPH’s advertising arm has been severely crippled, and so too has its overall business.
To arrest this issue, SPH just announced a major restructuring to hive off its media business into a not-for-profit entity and to march forward on a cleaner slate.
Here’s what investors should know about SPH’s breaking news (pun not intended)!
TL;DR: Singapore Press Holdings Restructuring Its Media Business
Key highlights from the SPH’s announcement:
