Singapore Press Holdings Ltd. is now the worst performer on the MSCI Singapore Index, as shares hover at a 25-year low, after a strategy to diversify into real estate has so far failed to offset sagging earnings from its media business.
PETALING JAYA: The move by the Singapore Exchange (SGX) to allow independent shareholders, including minority ones, a better exit value is worth considering in the context of Malaysian delisting rules, according to the Minority Shareholders Watch Group (MSWG).
Analysts agree that minority shareholders, among others, would secure a better deal in the form of higher premium payments from bidders when taking a listed firm private if the delisting rules were to be amended in line with the city-state.
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