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Lianhe Publishing sells CittaBella stake - Jan 12, 2008 (BT)

BackJan 12, 2008

The Straits Times / The Business Times News On SPH

Lianhe Publishing sells CittaBella stake

It has sold its entire 49 per cent stake to Nanyang Press Sdn Bhd for RM650,000 (S$278,000).


Jan 12, 2008
The Business Times

MEDIA group Singapore Press Holdings (SPH) announced yesterday that Lianhe Publishing, a wholly owned subsidiary of SPH Magazines, has sold its entire 49 per cent stake in CittaBella Malaysia Sdn Bhd to Nanyang Press Sdn Bhd for RM650,000 (S$278,000). The consideration was arrived at on a willing buyer, willing seller basis.

The magazine Citta Bella Malaysia will continue to be published by CittaBella Malaysia under a licence agreement with SPH Magazines. The transaction, which was completed yesterday, has no material impact on the earnings and the net tangible assets per share of SPH for the financial year ending Aug 31, 2008.