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Hiving off SPH's media business: Highlights & Analysis
On Prime Time, host Rachel Kelly and Finance Presenter JP Ong spoke to David Gerald, Founder, President and CEO of Securities Investors Association for an analysis of SPH's plan to hive off its media business. In a virtual extraordinary general meeting held today, 97.55% of shareholders voted in favor 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. See omnystudio.com/listener for…
The skinny
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