SPH conducted a strategy review specially to unlock value for its stable of companies.......what they did to rid of the media assets was more like locking up value in a box, throwing away the key and then giving away the box.
BUT buy SPH not becos of the “short term pain, long-term gain” advocated, After the media company is removed from SPH, effectively the whole SPH is up for grabs!!! At present, there is no substantial shareholder. The management shares, held by the various institution, vote 200 to 1 ordinary share only when it comes to removal of members of the BOD. if you buy SPH, you need to pray there is a tussle for ownership and control to collect your bonus…..
精彩评论