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SPH Magazines sets up HK subsidiary - May 25, 2005 (BT)

BackMay 25, 2005

The Straits Times / The Business Times News On SPH

SPH Magazines sets up HK subsidiary




May 25, 2005
The Business Times

SPH Magazines, a wholly owned subsidiary of mainboard-listed Singapore Press Holdings (SPH), has incorporated a wholly owned subsidiary in Hong Kong.

SPH Magazines (HK) Ltd has an authorised capital of HK$1 million (S$213,000) and an issued capital of HK$10,000. It will be involved in publishing and distribution, editorial services, and investment holding.

SPH said it does not expect the move to have any material impact on earnings or net tangible assets per share for the year ending Aug 31.