In a media release on Monday, SPH notes that the divestment of a non-core business will sharpen its strategic focus on its main business segments which consist of media, retail, retail real estate, purpose-built student accommodation and aged care. The transaction amount was not disclosed.
SINGAPORE (Apr 27): Singapore Press Holdings (SPH) today announced that it has entered into a sale and purchase agreement to divest its wholly-owned subsidiary Buzz Shop to Thai-Pore Enterprise as part of its review of investments and businesses to maximise shareholder value.
Thai-Pore Enterprise, a leading distributor and marketers of premium alcohol, is headquartered in Singapore and owns warehouses in multiple markets in Asean. Among other things, the company carries beers, wines, spirits and spring water Waiz from New Zealand.
