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SPH to undergo strategic review of business after non-media segment boosts 1H21 results

Atiqah Mokhtar
Atiqah Mokhtar • 3 min read
SPH to undergo strategic review of business after non-media segment boosts 1H21 results
The company posted a 26.1% y-o-y growth in earnings to $97.9 mil for the 1HFY2021.
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Singapore Press Holdings (SPH) has announced it will undergo a strategic review to consider options to “unlock and maximise long term shareholder value”, with Credit Suisse appointed as financial adviser.

"While SPH’s media business continues to face a challenging operating environment and outlook, the Board of Directors believes that SPH remains undervalued and the objective of the strategic review is to unlock and maximise long term shareholder value," SPH says.

SPH is reportedly mulling a separate listing of its student accommodation assets as a REIT, which will be SPH's second REIT.

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