Temasek and Singapore Press Holdings Agree to Merge Event Units
Posted on 02/03/2021
Singapore’s Temasek Holdings and Singapore Press Holdings Ltd. (SPH) have entered into an agreement to merge their meetings, incentives, conventions, and exhibitions (MICE) subsidiaries. Singapore Press Holdings is a listed company.
SingEx Holdings Pte Ltd is a unit of Temasek. Sphere Exhibits is a unit of Singapore Press Holdings. SingEx Holdings will merge into Sphere Exhibits to form SingEx-Sphere Holdings.
According to the details of the merger, Temasek will own 60% of SingEx-Sphere while SPH will own 40%. The agreed transaction value of 40% of SingEx-Sphere is $24.4 million.
Singapore Press Holdings publishes The Straits Times.
