SPH shareholders vote overwhelmingly in favour of Cuscaden offer

SINGAPORE (March 22): After a protracted battle of the bids between Cuscaden Peak and Keppel, Singapore Press Holdings (SPH) shareholders have given Cuscaden the green light to buy the company.

In an extraordinary general meeting held on Tuesday (March 22), 89.19% of shareholders holding 96.55% of the number of shares in SPH voted in favour of the scheme resolution for the sale of SPH’s assets to Cuscaden.

The resolution required over 50% of shareholders and at least 75% of votes cast.

Source: TheEdge - 23 Mar 2022