(May 07 10:51) Sbr.com.sg
Uploaded By:
Paul Howell
Submitted By:
Staff Reporter
Case Study:
No
Singapore Press Holdings' media business bled red in the last financial year.
Singapore Press Holdings Limited (SPH) announced that it will transfer its media business to a not-for-profit entity.
In a bourse disclosure, the company announced that its relevant subsidiaries, employees, News Centre, Print Centre, their respective leaseholders, and all
related intellectual property and information technology assets would be incorporated to SPH Media Holdings Pte Ltd (SPH Media), a wholly-owned subsidiary.
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