Singapore Press Holdings moves ahead with Reit plans

The company will sell two retail-focused properties to the Reit, which will then raise about S$540 million from the sale of 30% of its units to public investors. Existing SPH shareholders will receive a special dividend.
<div style="text-align: left;"> SPH's Paragon mall on Orchard Road </div>
<div style="text-align: left;"> SPH's Paragon mall on Orchard Road </div>
May 29, 2013

Singapore Press Holdings (SPH), the media company that publishes the Singapore Straits Times and numerous other newspapers and magazines, is pushing ahead with its plan to list some of its properties through a real estate investment trust.

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