SPH shareholders vote overwhelmingly in favour of Cuscaden offer

Felicia Tan
Felicia Tan3/22/2022 05:11 PM GMT+08  • 4 min read
SPH shareholders vote overwhelmingly in favour of Cuscaden offer
Some 89.19% of shareholders holding 96.55% of the number of shares in SPH voted in favour of the scheme resolution.
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After a protracted battle of the bids between Cuscaden Peak and Keppel, Singapore Press Holdings' (SPH) shareholders have given Cuscaden Peak the green light to buy the company.

At an extraordinary general meeting (EGM) held on March 22, 89.19% of shareholders holding 96.55% of the number of shares in SPH, voted in favour of the scheme resolution for the sale of SPH’s assets to Cuscaden.

The resolution required over 50% of shareholders and at least 75% of votes cast.

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