This means SPH’s stake is equivalent to around US$50 million. Given SPH's share base of just over 1.59 billion shares, that's equivalent to 3.14 US cents per share, or 4.18 Singapore cents.
Singapore Press Holdings has disclosed that it made an indirect investment of US$3.9 million into Coupong back in 2014, for a stake of around 0.1%.
The South Korean company is poised to go for a New York listing with a reported valuation of US$50 billion.
