$SINGAPORE PRESS HLDGS LTD(T39.SI)$
Keppel is getting a bargain here as i thought it would be Capitaland that is acquiring SPH due to similarity.
Keppel can continue to recycle assets from SPH into Keppel Reit and SPH Reit and generate cashflow.
Keppel Reit and SPH Reit will raise rights to acquire.
A game well played.
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