SINGAPORE PRESS HOLDINGS LIMITED 
By ANNOUNCEMENT TO THE SINGAPORE EXCHANGE LTD
COMPLETION OF THE ACQUISITION OF SHARES IN BLU INC (HOLDINGS) MALAYSIA SDN. BHD
Further to the announcement of 26 March 2012, the Board of
Directors of Singapore Press Holdings Ltd (the "Company")
wishes to announce that the various transactions entered into
between its wholly-owned subsidiary, SPH Magazines Pte. Ltd.
("SPH Magazines") and each of Simpletech Sdn Bhd, Datin
Azliza Bte Ahmad Tajuddin and DoubleIcon Sdn Bhd, to, inter
alia, increase SPH Magazines' shareholding in the
capital of Blu Inc (Holdings) Malaysia Sdn Bhd ("BIHM"),
including the equity contribution by SPH Magazines in BIHM,
have been completed today.
The shareholding capital of BIHM is now held as follows:
Shareholders | Percentage Shareholding |
SPH Magazines Pte Ltd | 71.4% |
Simpletech Sdn Bhd | 5% |
Datin Azliza Bte Ahmad Tajuddin | 9.4% |
DoubleIcon Shd Bhd | 14.2% |
The above transactions were wholly satisfied in cash and
funded from the SPH Magazines' internal resources and
are not expected to have any material impact on the net
tangible assets per share or earnings per share of the
Company for the current financial year ending 31 August
2012.
Save that Mr Chan Heng Loon Alan, a director of the Company,
is also a director of SPH Magazines and BIHM, none of the
directors of the Company has any interest, direct or
indirect, in the said transactions.
Singapore, 31 May 2012
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