Keppel raises SPH bid to S$2.351 a share, cash component up by 20 cents; says price is final_老虎社区_美港股上老虎

Keppel raises SPH bid to S$2.351 a share, cash component up by 20 cents; says price is final

The bussiness Times2021-11-10

Keppel Corp has upped its privatisation offer for Singapore Press Holdings (SPH) with a "compelling" final offer of S$2.351 per share, which includes additional cash of S$0.20 per share. This comes ...

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thaigirl
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suspend
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Only aiming for REITs
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says price is final</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKeppel raises SPH bid to S$2.351 a share, cash component up by 20 cents; says price is final\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-10 11:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/companies-markets/keppel-raises-sph-bid-to-s2351-a-share-cash-component-up-by-20-cents-says-price-is><strong>The bussiness Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Keppel Corp has upped its privatisation offer for Singapore Press Holdings (SPH) with a \"compelling\" final offer of S$2.351 per share, which includes additional cash of S$0.20 per share.\nThis comes ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/keppel-raises-sph-bid-to-s2351-a-share-cash-component-up-by-20-cents-says-price-is\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BN4.SI","symbol_name":"吉宝有限公司","start_time":0,"source_url":"https://www.businesstimes.com.sg/companies-markets/keppel-raises-sph-bid-to-s2351-a-share-cash-component-up-by-20-cents-says-price-is","article_id":"1102766884","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1102766884","pubTimestamp":1636515299,"columns":[],"sourceInfo":{"source_id":"lsy1636420184263","name":"The bussiness Times"},"weMediaInfo":null,"summary":"Keppel Corp has upped its privatisation offer for Singapore Press Holdings (SPH) with a \"compelling\"","collect":0,"end_time":0,"defaultTopTitle":"businesstimes.com.sg","property":[],"viewcount":null,"language":"en","relate_stocks":{"BN4.SI":"吉宝有限公司"},"translate_title":"吉宝将SPH出价提高至每股2.351新元，现金部分上涨20美分；说价格是最终的","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BN4.SI":0.9,"T39.SI":0.9},"content_text":"Keppel Corp has upped its privatisation offer for Singapore Press Holdings (SPH) with a \"compelling\" final offer of S$2.351 per share, which includes additional cash of S$0.20 per share.\nThis comes after Cuscaden Peak - a consortium backed by Hotel Properties (HPL), businessman Ong Beng Seng, and two Temasek-linked entities, CLA Real Estate Holdings and Mapletree - made a counter bid for SPH in late October at S$2.10 per share in cash; or slightly higher than Keppel's original offer of S$2.099 per share.\nIn a release to the Singapore Exchange late Tuesday night, Keppel beefed up the cash component of the offer by S$0.20 per share to S$0.868 per share. SPH shareholders will still receive 0.596 Keppel Reit units (valued at S$0.685 as at Nov 9) and 0.782 SPH Reit units (valued S$0.798 as at Nov 9) per SPH share.\nThe revised offer implies a total equity value for SPH of S$3.8 billion.\n\"The cumulative value of SPH Reit and Keppel Reit units offered has increased by S$0.052/share with improving market conditions,\" Keppel said in the release.\nKeppel's initial offer comprised cash of S$0.668 per share, 0.596 Keppel Reit units (valued at S$0.715) and 0.782 SPH Reit units (valued at S$0.716) per share.\nBased on the SPH REIT and Keppel REIT traded prices since the initial offer, the final offer implies a range of S$2.201-S$2.355/share. SPH shareholders will be receiving Keppel REIT units at a 10 per cent discount to its net asset value, Keppel also highlighted.\nMeanwhile, SPH and Keppel have entered into a supplemental letter to amend the implementation agreement and revise the terms of the scheme of arrangement.\nIn a separate release, SPH - which publishes The Business Times - noted that the revised offer represents an improvement of 12 per cent over Keppel's original offer, as well as that of Cuscaden Peak's.\nIt is a 57 per cent premium to the undisturbed trading price on March 30 and a 9 per cent premium to the last trading price on Nov 9.\nSPH said: \"Following Cuscaden Peak's announcement on Oct 29, SPH notified Keppel of the proposal and gave Keppel an opportunity to improve their current proposal. Keppel's revised scheme consideration is the outcome of SPH's engagement with Keppel to improve their proposal.\"\nKeppel highlighted that the final offer is \"firm and irrevocable\" with regulatory approvals obtained from MAS and the Foreign Investment Review Board (FIRB) of Australia.\nThe higher cash consideration is expected to increase Keppel's pro forma net gearing post-transaction by 0.03x, with pro forma net gearing expected to remain below 1x.\nSubject to the approvals of both Keppel's and SPH's shareholders at their respective extraordinary general meetings slated for around Dec 8, as well as the sanction of the scheme by Singapore's High Court and the completion of SPH's media restructuring exercise, SPH shareholders can expect to receive the final consideration by mid January 2022.\nLoh Chin Hua, chief executive of Keppel Corporation, said: \"Taking into account improving global economic conditions as well as growing synergies which we have identified between Keppel and SPH's portfolio, Keppel is offering SPH shareholders a higher and final consideration of S$2.351/ share.\"\nHe added: \"Even with the additional cash consideration of S$0.200/share, we continue to see value in the SPH portfolio.\"\nShares in Keppel shed three cents to close at S$5.31, while shares in SPH closed one cent higher at S$2.16 on Tuesday.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":847265676,"gmtCreate":1636525440667,"gmtModify":1636525494706,"author":{"id":"4087725712090890","authorId":"4087725712090890","name":"thaigirl","avatar":"https://static.tigerbbs.com/1cd5b53436744d0d0b70ba07437b7af1","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4087725712090890","authorIdStr":"4087725712090890"},"htmlText":"suspend","listText":"suspend","text":"suspend","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/847265676","repostId":1102766884,"repostType":4,"repost":{"id":"1102766884","kind":"news","pubTimestamp":1636515299,"share":"https://www.laohu8.com/m/news/1102766884?lang=&edition=full","pubTime":"2021-11-10 11:34","market":"us","language":"en","title":"Keppel raises SPH bid to S$2.351 a share, cash component up by 20 cents; says price is final","url":"https://stock-news.laohu8.com/highlight/detail?id=1102766884","media":"The bussiness Times","summary":"Keppel Corp has upped its privatisation offer for Singapore Press Holdings (SPH) with a \"compelling\"","content":"<p>Keppel Corp has upped its privatisation offer for Singapore Press Holdings (SPH) with a \"compelling\" final offer of S$2.351 per share, which includes additional cash of S$0.20 per share.</p>\n<p>This comes after Cuscaden Peak - a consortium backed by Hotel Properties (HPL), businessman Ong Beng Seng, and two Temasek-linked entities, CLA Real Estate Holdings and Mapletree - made a counter bid for SPH in late October at S$2.10 per share in cash; or slightly higher than Keppel's original offer of S$2.099 per share.</p>\n<p>In a release to the Singapore Exchange late Tuesday night, Keppel beefed up the cash component of the offer by S$0.20 per share to S$0.868 per share. SPH shareholders will still receive 0.596 Keppel Reit units (valued at S$0.685 as at Nov 9) and 0.782 SPH Reit units (valued S$0.798 as at Nov 9) per SPH share.</p>\n<p>The revised offer implies a total equity value for SPH of S$3.8 billion.</p>\n<p>\"The cumulative value of SPH Reit and Keppel Reit units offered has increased by S$0.052/share with improving market conditions,\" Keppel said in the release.</p>\n<p>Keppel's initial offer comprised cash of S$0.668 per share, 0.596 Keppel Reit units (valued at S$0.715) and 0.782 SPH Reit units (valued at S$0.716) per share.</p>\n<p>Based on the <a href=\"https://laohu8.com/S/SPHEF\">SPH REIT</a> and Keppel REIT traded prices since the initial offer, the final offer implies a range of S$2.201-S$2.355/share. SPH shareholders will be receiving Keppel REIT units at a 10 per cent discount to its net asset value, Keppel also highlighted.</p>\n<p>Meanwhile, SPH and Keppel have entered into a supplemental letter to amend the implementation agreement and revise the terms of the scheme of arrangement.</p>\n<p>In a separate release, SPH - which publishes The Business Times - noted that the revised offer represents an improvement of 12 per cent over Keppel's original offer, as well as that of Cuscaden Peak's.</p>\n<p>It is a 57 per cent premium to the undisturbed trading price on March 30 and a 9 per cent premium to the last trading price on Nov 9.</p>\n<p>SPH said: \"Following Cuscaden Peak's announcement on Oct 29, SPH notified Keppel of the proposal and gave Keppel an opportunity to improve their current proposal. Keppel's revised scheme consideration is the outcome of SPH's engagement with Keppel to improve their proposal.\"</p>\n<p>Keppel highlighted that the final offer is \"firm and irrevocable\" with regulatory approvals obtained from MAS and the Foreign Investment Review Board (FIRB) of Australia.</p>\n<p>The higher cash consideration is expected to increase Keppel's pro forma net gearing post-transaction by 0.03x, with pro forma net gearing expected to remain below 1x.</p>\n<p>Subject to the approvals of both Keppel's and SPH's shareholders at their respective extraordinary general meetings slated for around Dec 8, as well as the sanction of the scheme by Singapore's High Court and the completion of SPH's media restructuring exercise, SPH shareholders can expect to receive the final consideration by mid January 2022.</p>\n<p>Loh Chin Hua, chief executive of Keppel Corporation, said: \"Taking into account improving global economic conditions as well as growing synergies which we have identified between Keppel and SPH's portfolio, Keppel is offering SPH shareholders a higher and final consideration of S$2.351/ share.\"</p>\n<p>He added: \"Even with the additional cash consideration of S$0.200/share, we continue to see value in the SPH portfolio.\"</p>\n<p>Shares in Keppel shed three cents to close at S$5.31, while shares in SPH closed <a href=\"https://laohu8.com/S/AONE.U\">one</a> cent higher at S$2.16 on Tuesday.</p>","source":"lsy1636420184263","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Keppel raises SPH bid to S$2.351 a share, cash component up by 20 cents; says price is final</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKeppel raises SPH bid to S$2.351 a share, cash component up by 20 cents; says price is final\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-10 11:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/companies-markets/keppel-raises-sph-bid-to-s2351-a-share-cash-component-up-by-20-cents-says-price-is><strong>The bussiness Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Keppel Corp has upped its privatisation offer for Singapore Press Holdings (SPH) with a \"compelling\" final offer of S$2.351 per share, which includes additional cash of S$0.20 per share.\nThis comes ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/keppel-raises-sph-bid-to-s2351-a-share-cash-component-up-by-20-cents-says-price-is\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BN4.SI":"吉宝有限公司"},"source_url":"https://www.businesstimes.com.sg/companies-markets/keppel-raises-sph-bid-to-s2351-a-share-cash-component-up-by-20-cents-says-price-is","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102766884","content_text":"Keppel Corp has upped its privatisation offer for Singapore Press Holdings (SPH) with a \"compelling\" final offer of S$2.351 per share, which includes additional cash of S$0.20 per share.\nThis comes after Cuscaden Peak - a consortium backed by Hotel Properties (HPL), businessman Ong Beng Seng, and two Temasek-linked entities, CLA Real Estate Holdings and Mapletree - made a counter bid for SPH in late October at S$2.10 per share in cash; or slightly higher than Keppel's original offer of S$2.099 per share.\nIn a release to the Singapore Exchange late Tuesday night, Keppel beefed up the cash component of the offer by S$0.20 per share to S$0.868 per share. SPH shareholders will still receive 0.596 Keppel Reit units (valued at S$0.685 as at Nov 9) and 0.782 SPH Reit units (valued S$0.798 as at Nov 9) per SPH share.\nThe revised offer implies a total equity value for SPH of S$3.8 billion.\n\"The cumulative value of SPH Reit and Keppel Reit units offered has increased by S$0.052/share with improving market conditions,\" Keppel said in the release.\nKeppel's initial offer comprised cash of S$0.668 per share, 0.596 Keppel Reit units (valued at S$0.715) and 0.782 SPH Reit units (valued at S$0.716) per share.\nBased on the SPH REIT and Keppel REIT traded prices since the initial offer, the final offer implies a range of S$2.201-S$2.355/share. SPH shareholders will be receiving Keppel REIT units at a 10 per cent discount to its net asset value, Keppel also highlighted.\nMeanwhile, SPH and Keppel have entered into a supplemental letter to amend the implementation agreement and revise the terms of the scheme of arrangement.\nIn a separate release, SPH - which publishes The Business Times - noted that the revised offer represents an improvement of 12 per cent over Keppel's original offer, as well as that of Cuscaden Peak's.\nIt is a 57 per cent premium to the undisturbed trading price on March 30 and a 9 per cent premium to the last trading price on Nov 9.\nSPH said: \"Following Cuscaden Peak's announcement on Oct 29, SPH notified Keppel of the proposal and gave Keppel an opportunity to improve their current proposal. Keppel's revised scheme consideration is the outcome of SPH's engagement with Keppel to improve their proposal.\"\nKeppel highlighted that the final offer is \"firm and irrevocable\" with regulatory approvals obtained from MAS and the Foreign Investment Review Board (FIRB) of Australia.\nThe higher cash consideration is expected to increase Keppel's pro forma net gearing post-transaction by 0.03x, with pro forma net gearing expected to remain below 1x.\nSubject to the approvals of both Keppel's and SPH's shareholders at their respective extraordinary general meetings slated for around Dec 8, as well as the sanction of the scheme by Singapore's High Court and the completion of SPH's media restructuring exercise, SPH shareholders can expect to receive the final consideration by mid January 2022.\nLoh Chin Hua, chief executive of Keppel Corporation, said: \"Taking into account improving global economic conditions as well as growing synergies which we have identified between Keppel and SPH's portfolio, Keppel is offering SPH shareholders a higher and final consideration of S$2.351/ share.\"\nHe added: \"Even with the additional cash consideration of S$0.200/share, we continue to see value in the SPH portfolio.\"\nShares in Keppel shed three cents to close at S$5.31, while shares in SPH closed one cent higher at S$2.16 on Tuesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":847281400,"gmtCreate":1636523959075,"gmtModify":1636524355548,"author":{"id":"3581499517018063","authorId":"3581499517018063","name":"Miaoj","avatar":"https://static.tigerbbs.com/6dbf141167d9752c7a8ad095fef04d78","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3581499517018063","authorIdStr":"3581499517018063"},"htmlText":"Only aiming for REITs","listText":"Only aiming for REITs","text":"Only aiming for REITs","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/847281400","repostId":1102766884,"repostType":4,"repost":{"id":"1102766884","kind":"news","pubTimestamp":1636515299,"share":"https://www.laohu8.com/m/news/1102766884?lang=&edition=full","pubTime":"2021-11-10 11:34","market":"us","language":"en","title":"Keppel raises SPH bid to S$2.351 a share, cash component up by 20 cents; says price is final","url":"https://stock-news.laohu8.com/highlight/detail?id=1102766884","media":"The bussiness Times","summary":"Keppel Corp has upped its privatisation offer for Singapore Press Holdings (SPH) with a \"compelling\"","content":"<p>Keppel Corp has upped its privatisation offer for Singapore Press Holdings (SPH) with a \"compelling\" final offer of S$2.351 per share, which includes additional cash of S$0.20 per share.</p>\n<p>This comes after Cuscaden Peak - a consortium backed by Hotel Properties (HPL), businessman Ong Beng Seng, and two Temasek-linked entities, CLA Real Estate Holdings and Mapletree - made a counter bid for SPH in late October at S$2.10 per share in cash; or slightly higher than Keppel's original offer of S$2.099 per share.</p>\n<p>In a release to the Singapore Exchange late Tuesday night, Keppel beefed up the cash component of the offer by S$0.20 per share to S$0.868 per share. SPH shareholders will still receive 0.596 Keppel Reit units (valued at S$0.685 as at Nov 9) and 0.782 SPH Reit units (valued S$0.798 as at Nov 9) per SPH share.</p>\n<p>The revised offer implies a total equity value for SPH of S$3.8 billion.</p>\n<p>\"The cumulative value of SPH Reit and Keppel Reit units offered has increased by S$0.052/share with improving market conditions,\" Keppel said in the release.</p>\n<p>Keppel's initial offer comprised cash of S$0.668 per share, 0.596 Keppel Reit units (valued at S$0.715) and 0.782 SPH Reit units (valued at S$0.716) per share.</p>\n<p>Based on the <a href=\"https://laohu8.com/S/SPHEF\">SPH REIT</a> and Keppel REIT traded prices since the initial offer, the final offer implies a range of S$2.201-S$2.355/share. SPH shareholders will be receiving Keppel REIT units at a 10 per cent discount to its net asset value, Keppel also highlighted.</p>\n<p>Meanwhile, SPH and Keppel have entered into a supplemental letter to amend the implementation agreement and revise the terms of the scheme of arrangement.</p>\n<p>In a separate release, SPH - which publishes The Business Times - noted that the revised offer represents an improvement of 12 per cent over Keppel's original offer, as well as that of Cuscaden Peak's.</p>\n<p>It is a 57 per cent premium to the undisturbed trading price on March 30 and a 9 per cent premium to the last trading price on Nov 9.</p>\n<p>SPH said: \"Following Cuscaden Peak's announcement on Oct 29, SPH notified Keppel of the proposal and gave Keppel an opportunity to improve their current proposal. Keppel's revised scheme consideration is the outcome of SPH's engagement with Keppel to improve their proposal.\"</p>\n<p>Keppel highlighted that the final offer is \"firm and irrevocable\" with regulatory approvals obtained from MAS and the Foreign Investment Review Board (FIRB) of Australia.</p>\n<p>The higher cash consideration is expected to increase Keppel's pro forma net gearing post-transaction by 0.03x, with pro forma net gearing expected to remain below 1x.</p>\n<p>Subject to the approvals of both Keppel's and SPH's shareholders at their respective extraordinary general meetings slated for around Dec 8, as well as the sanction of the scheme by Singapore's High Court and the completion of SPH's media restructuring exercise, SPH shareholders can expect to receive the final consideration by mid January 2022.</p>\n<p>Loh Chin Hua, chief executive of Keppel Corporation, said: \"Taking into account improving global economic conditions as well as growing synergies which we have identified between Keppel and SPH's portfolio, Keppel is offering SPH shareholders a higher and final consideration of S$2.351/ share.\"</p>\n<p>He added: \"Even with the additional cash consideration of S$0.200/share, we continue to see value in the SPH portfolio.\"</p>\n<p>Shares in Keppel shed three cents to close at S$5.31, while shares in SPH closed <a href=\"https://laohu8.com/S/AONE.U\">one</a> cent higher at S$2.16 on Tuesday.</p>","source":"lsy1636420184263","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Keppel raises SPH bid to S$2.351 a share, cash component up by 20 cents; says price is final</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKeppel raises SPH bid to S$2.351 a share, cash component up by 20 cents; says price is final\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-10 11:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/companies-markets/keppel-raises-sph-bid-to-s2351-a-share-cash-component-up-by-20-cents-says-price-is><strong>The bussiness Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Keppel Corp has upped its privatisation offer for Singapore Press Holdings (SPH) with a \"compelling\" final offer of S$2.351 per share, which includes additional cash of S$0.20 per share.\nThis comes ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/keppel-raises-sph-bid-to-s2351-a-share-cash-component-up-by-20-cents-says-price-is\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BN4.SI":"吉宝有限公司"},"source_url":"https://www.businesstimes.com.sg/companies-markets/keppel-raises-sph-bid-to-s2351-a-share-cash-component-up-by-20-cents-says-price-is","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102766884","content_text":"Keppel Corp has upped its privatisation offer for Singapore Press Holdings (SPH) with a \"compelling\" final offer of S$2.351 per share, which includes additional cash of S$0.20 per share.\nThis comes after Cuscaden Peak - a consortium backed by Hotel Properties (HPL), businessman Ong Beng Seng, and two Temasek-linked entities, CLA Real Estate Holdings and Mapletree - made a counter bid for SPH in late October at S$2.10 per share in cash; or slightly higher than Keppel's original offer of S$2.099 per share.\nIn a release to the Singapore Exchange late Tuesday night, Keppel beefed up the cash component of the offer by S$0.20 per share to S$0.868 per share. SPH shareholders will still receive 0.596 Keppel Reit units (valued at S$0.685 as at Nov 9) and 0.782 SPH Reit units (valued S$0.798 as at Nov 9) per SPH share.\nThe revised offer implies a total equity value for SPH of S$3.8 billion.\n\"The cumulative value of SPH Reit and Keppel Reit units offered has increased by S$0.052/share with improving market conditions,\" Keppel said in the release.\nKeppel's initial offer comprised cash of S$0.668 per share, 0.596 Keppel Reit units (valued at S$0.715) and 0.782 SPH Reit units (valued at S$0.716) per share.\nBased on the SPH REIT and Keppel REIT traded prices since the initial offer, the final offer implies a range of S$2.201-S$2.355/share. SPH shareholders will be receiving Keppel REIT units at a 10 per cent discount to its net asset value, Keppel also highlighted.\nMeanwhile, SPH and Keppel have entered into a supplemental letter to amend the implementation agreement and revise the terms of the scheme of arrangement.\nIn a separate release, SPH - which publishes The Business Times - noted that the revised offer represents an improvement of 12 per cent over Keppel's original offer, as well as that of Cuscaden Peak's.\nIt is a 57 per cent premium to the undisturbed trading price on March 30 and a 9 per cent premium to the last trading price on Nov 9.\nSPH said: \"Following Cuscaden Peak's announcement on Oct 29, SPH notified Keppel of the proposal and gave Keppel an opportunity to improve their current proposal. Keppel's revised scheme consideration is the outcome of SPH's engagement with Keppel to improve their proposal.\"\nKeppel highlighted that the final offer is \"firm and irrevocable\" with regulatory approvals obtained from MAS and the Foreign Investment Review Board (FIRB) of Australia.\nThe higher cash consideration is expected to increase Keppel's pro forma net gearing post-transaction by 0.03x, with pro forma net gearing expected to remain below 1x.\nSubject to the approvals of both Keppel's and SPH's shareholders at their respective extraordinary general meetings slated for around Dec 8, as well as the sanction of the scheme by Singapore's High Court and the completion of SPH's media restructuring exercise, SPH shareholders can expect to receive the final consideration by mid January 2022.\nLoh Chin Hua, chief executive of Keppel Corporation, said: \"Taking into account improving global economic conditions as well as growing synergies which we have identified between Keppel and SPH's portfolio, Keppel is offering SPH shareholders a higher and final consideration of S$2.351/ share.\"\nHe added: \"Even with the additional cash consideration of S$0.200/share, we continue to see value in the SPH portfolio.\"\nShares in Keppel shed three cents to close at S$5.31, while shares in SPH closed one cent higher at S$2.16 on Tuesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6522925,"gmtCreate":1636528653494,"gmtModify":1636528653526,"authorId":3551655093075927,"author":{"id":3551655093075927,"idStr":"3551655093075927","authorId":3551655093075927,"name":"KLS","avatar":"https://static.tigerbbs.com/60fe00969bbce4cfecf0d17a38c77628","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":847281400,"type":1,"supId":0,"prevId":0,"content":"<u>Buy</u>","text":"<u>Buy</u>","html":"<u>Buy</u>"}],"langContent":"CN"},{"id":847297297,"gmtCreate":1636521039306,"gmtModify":1636521039537,"author":{"id":"3580799026700204","authorId":"3580799026700204","name":"37472a9a","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3580799026700204","authorIdStr":"3580799026700204"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/847297297","repostId":1102766884,"repostType":4,"repost":{"id":"1102766884","kind":"news","pubTimestamp":1636515299,"share":"https://www.laohu8.com/m/news/1102766884?lang=&edition=full","pubTime":"2021-11-10 11:34","market":"us","language":"en","title":"Keppel raises SPH bid to S$2.351 a share, cash component up by 20 cents; says price is final","url":"https://stock-news.laohu8.com/highlight/detail?id=1102766884","media":"The bussiness Times","summary":"Keppel Corp has upped its privatisation offer for Singapore Press Holdings (SPH) with a \"compelling\"","content":"<p>Keppel Corp has upped its privatisation offer for Singapore Press Holdings (SPH) with a \"compelling\" final offer of S$2.351 per share, which includes additional cash of S$0.20 per share.</p>\n<p>This comes after Cuscaden Peak - a consortium backed by Hotel Properties (HPL), businessman Ong Beng Seng, and two Temasek-linked entities, CLA Real Estate Holdings and Mapletree - made a counter bid for SPH in late October at S$2.10 per share in cash; or slightly higher than Keppel's original offer of S$2.099 per share.</p>\n<p>In a release to the Singapore Exchange late Tuesday night, Keppel beefed up the cash component of the offer by S$0.20 per share to S$0.868 per share. SPH shareholders will still receive 0.596 Keppel Reit units (valued at S$0.685 as at Nov 9) and 0.782 SPH Reit units (valued S$0.798 as at Nov 9) per SPH share.</p>\n<p>The revised offer implies a total equity value for SPH of S$3.8 billion.</p>\n<p>\"The cumulative value of SPH Reit and Keppel Reit units offered has increased by S$0.052/share with improving market conditions,\" Keppel said in the release.</p>\n<p>Keppel's initial offer comprised cash of S$0.668 per share, 0.596 Keppel Reit units (valued at S$0.715) and 0.782 SPH Reit units (valued at S$0.716) per share.</p>\n<p>Based on the <a href=\"https://laohu8.com/S/SPHEF\">SPH REIT</a> and Keppel REIT traded prices since the initial offer, the final offer implies a range of S$2.201-S$2.355/share. SPH shareholders will be receiving Keppel REIT units at a 10 per cent discount to its net asset value, Keppel also highlighted.</p>\n<p>Meanwhile, SPH and Keppel have entered into a supplemental letter to amend the implementation agreement and revise the terms of the scheme of arrangement.</p>\n<p>In a separate release, SPH - which publishes The Business Times - noted that the revised offer represents an improvement of 12 per cent over Keppel's original offer, as well as that of Cuscaden Peak's.</p>\n<p>It is a 57 per cent premium to the undisturbed trading price on March 30 and a 9 per cent premium to the last trading price on Nov 9.</p>\n<p>SPH said: \"Following Cuscaden Peak's announcement on Oct 29, SPH notified Keppel of the proposal and gave Keppel an opportunity to improve their current proposal. Keppel's revised scheme consideration is the outcome of SPH's engagement with Keppel to improve their proposal.\"</p>\n<p>Keppel highlighted that the final offer is \"firm and irrevocable\" with regulatory approvals obtained from MAS and the Foreign Investment Review Board (FIRB) of Australia.</p>\n<p>The higher cash consideration is expected to increase Keppel's pro forma net gearing post-transaction by 0.03x, with pro forma net gearing expected to remain below 1x.</p>\n<p>Subject to the approvals of both Keppel's and SPH's shareholders at their respective extraordinary general meetings slated for around Dec 8, as well as the sanction of the scheme by Singapore's High Court and the completion of SPH's media restructuring exercise, SPH shareholders can expect to receive the final consideration by mid January 2022.</p>\n<p>Loh Chin Hua, chief executive of Keppel Corporation, said: \"Taking into account improving global economic conditions as well as growing synergies which we have identified between Keppel and SPH's portfolio, Keppel is offering SPH shareholders a higher and final consideration of S$2.351/ share.\"</p>\n<p>He added: \"Even with the additional cash consideration of S$0.200/share, we continue to see value in the SPH portfolio.\"</p>\n<p>Shares in Keppel shed three cents to close at S$5.31, while shares in SPH closed <a href=\"https://laohu8.com/S/AONE.U\">one</a> cent higher at S$2.16 on Tuesday.</p>","source":"lsy1636420184263","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Keppel raises SPH bid to S$2.351 a share, cash component up by 20 cents; says price is final</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKeppel raises SPH bid to S$2.351 a share, cash component up by 20 cents; says price is final\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-10 11:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/companies-markets/keppel-raises-sph-bid-to-s2351-a-share-cash-component-up-by-20-cents-says-price-is><strong>The bussiness Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Keppel Corp has upped its privatisation offer for Singapore Press Holdings (SPH) with a \"compelling\" final offer of S$2.351 per share, which includes additional cash of S$0.20 per share.\nThis comes ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/keppel-raises-sph-bid-to-s2351-a-share-cash-component-up-by-20-cents-says-price-is\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BN4.SI":"吉宝有限公司"},"source_url":"https://www.businesstimes.com.sg/companies-markets/keppel-raises-sph-bid-to-s2351-a-share-cash-component-up-by-20-cents-says-price-is","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102766884","content_text":"Keppel Corp has upped its privatisation offer for Singapore Press Holdings (SPH) with a \"compelling\" final offer of S$2.351 per share, which includes additional cash of S$0.20 per share.\nThis comes after Cuscaden Peak - a consortium backed by Hotel Properties (HPL), businessman Ong Beng Seng, and two Temasek-linked entities, CLA Real Estate Holdings and Mapletree - made a counter bid for SPH in late October at S$2.10 per share in cash; or slightly higher than Keppel's original offer of S$2.099 per share.\nIn a release to the Singapore Exchange late Tuesday night, Keppel beefed up the cash component of the offer by S$0.20 per share to S$0.868 per share. SPH shareholders will still receive 0.596 Keppel Reit units (valued at S$0.685 as at Nov 9) and 0.782 SPH Reit units (valued S$0.798 as at Nov 9) per SPH share.\nThe revised offer implies a total equity value for SPH of S$3.8 billion.\n\"The cumulative value of SPH Reit and Keppel Reit units offered has increased by S$0.052/share with improving market conditions,\" Keppel said in the release.\nKeppel's initial offer comprised cash of S$0.668 per share, 0.596 Keppel Reit units (valued at S$0.715) and 0.782 SPH Reit units (valued at S$0.716) per share.\nBased on the SPH REIT and Keppel REIT traded prices since the initial offer, the final offer implies a range of S$2.201-S$2.355/share. SPH shareholders will be receiving Keppel REIT units at a 10 per cent discount to its net asset value, Keppel also highlighted.\nMeanwhile, SPH and Keppel have entered into a supplemental letter to amend the implementation agreement and revise the terms of the scheme of arrangement.\nIn a separate release, SPH - which publishes The Business Times - noted that the revised offer represents an improvement of 12 per cent over Keppel's original offer, as well as that of Cuscaden Peak's.\nIt is a 57 per cent premium to the undisturbed trading price on March 30 and a 9 per cent premium to the last trading price on Nov 9.\nSPH said: \"Following Cuscaden Peak's announcement on Oct 29, SPH notified Keppel of the proposal and gave Keppel an opportunity to improve their current proposal. Keppel's revised scheme consideration is the outcome of SPH's engagement with Keppel to improve their proposal.\"\nKeppel highlighted that the final offer is \"firm and irrevocable\" with regulatory approvals obtained from MAS and the Foreign Investment Review Board (FIRB) of Australia.\nThe higher cash consideration is expected to increase Keppel's pro forma net gearing post-transaction by 0.03x, with pro forma net gearing expected to remain below 1x.\nSubject to the approvals of both Keppel's and SPH's shareholders at their respective extraordinary general meetings slated for around Dec 8, as well as the sanction of the scheme by Singapore's High Court and the completion of SPH's media restructuring exercise, SPH shareholders can expect to receive the final consideration by mid January 2022.\nLoh Chin Hua, chief executive of Keppel Corporation, said: \"Taking into account improving global economic conditions as well as growing synergies which we have identified between Keppel and SPH's portfolio, Keppel is offering SPH shareholders a higher and final consideration of S$2.351/ share.\"\nHe added: \"Even with the additional cash consideration of S$0.200/share, we continue to see value in the SPH portfolio.\"\nShares in Keppel shed three cents to close at S$5.31, while shares in SPH closed one cent higher at S$2.16 on Tuesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6522110,"gmtCreate":1636521131739,"gmtModify":1636521131770,"authorId":3581734227956830,"author":{"id":3581734227956830,"idStr":"3581734227956830","authorId":3581734227956830,"name":"SirBahamut","avatar":"https://static.tigerbbs.com/98035de918c1759870078e69640b8281","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":847297297,"type":1,"supId":0,"prevId":0,"content":"Aiyo Why fight with Ong ben seng","text":"Aiyo Why fight with Ong ben seng","html":"Aiyo Why fight with Ong ben seng"}],"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":23,"commentSize":3,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}