Cuscaden Peak Responds to Investors Body's Queries Regarding Singapore Press Offer
Cuscaden Peak Responds to Investors Body's Queries Regarding Singapore Press OfferCuscaden Peak回应投资者团体对新加坡媒体报价的质疑
02:49 AM EST, 12/13/2021 (MT Newswires) -- Cuscaden Peak said it has already received approval from the Foreign Investment Review Board in Australia for the acquisition of Singapore Press Holdings (SGX:T39) and has also agreed to waive its right to walk away from the transaction upon the occurrence of a material adverse effect.
The consortium -- which is backed by Hotel Properties, property tycoon and Hotel Properties' managing director Ong Beng Seng, and two Temasek-linked units CLA and Mapletree -- was responding to certain queries raised by investors body, Securities Investors Association (Singapore), according to a Sunday bourse disclosure.
The consortium is offering to acquire all shares of Singapore Press at SG$2.40 ($1.76) apiece.
Price (SGD): S$2.33, Change: S$0.00, Percent Change: 0.00%
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