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.

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