SPH plan to hive off media business gets 97.5% shareholder approval | THE BIG STORY скачать в хорошем качестве

SPH plan to hive off media business gets 97.5% shareholder approval | THE BIG STORY

Shareholders of Singapore Press Holdings (SPH) have overwhelmingly backed its plan to hive off its media business, paving the way for the formation of a new company limited by guarantee (CLG), while potentially unlocking shareholder value for the mainboard-listed company. Read more: https://str.sg/35tU At a virtual extraordinary general meeting held on Friday (Sept 10), 97.55 per cent of shareholders voted in favour of the transfer of SPH's media business to the CLG for a nominal sum of $1. They also gave the green light to a special resolution to convert each management share held by a management shareholder into one ordinary share, and the adoption of a new Constitution. Watch the full episode of The Big Story:    • Crucial weeks ahead in S'pore's Covid-19 f...   #thebigstory #sph SUBSCRIBE ➤ http://bit.ly/FollowST -------------------- WEBSITE ➤ http://www.straitstimes.com TWITTER ➤   / straits_times   FACEBOOK ➤   / thestraitstimes   INSTAGRAM ➤   / straits_times   PODCASTS ➤ http://str.sg/stpodcasts TELEGRAM ➤ https://t.me/straitstimes The Straits Times, the English flagship daily of SPH, has been serving readers for more than a century. Launched on July 15, 1845, its comprehensive coverage of world news, East Asian news, Southeast Asian news, home news, sports news, financial news and lifestyle updates makes The Straits Times the most-read newspaper in Singapore.