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Top News this Week (9 May)
By Financial Horse  •  May 9, 2021
Rounding up top investing articles from around the web, including articles shared by fellow investors in the Financial Horse Facebook Group. SPH to restructure media business into not-for-profit entity to support quality journalism (Straits Times) Singapore Press Holdings (SPH), which publishes The Straits Times and Lianhe Zaobao,  intends to transfer its media business to a not-for-profit company as part of a strategic review of its various businesses. The restructuring entails transferring all the media-related businesses, including relevant subsidiaries, employees, News Centre and Print Centre along with their respective leaseholds, and all related intellectual property and information technology assets, to a newly incorporated wholly owned subsidiary, SPH Media Holdings Pte Ltd (SPH Media). SPH will provide the initial resources and funding by capitalising SPH Media with a cash injection of $80 million, $30 million worth of SPH shares and SPH Reit units, and SPH’s stakes in four of its digital media investments....
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By Financial Horse
Financial Horse was founded with a simple goal – To provide high quality financial commentary, in plain English. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse aims to demystify financial investments.
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