SPH Magazines
increases capital
SINGAPORE, 30 JANUARY 2004 - Singapore Press Holdings Limited
(the "Company") is pleased to announce that SPH Magazines
Private Limited, a 100%-owned subsidiary of The Straits Times Press
(1975) Limited which is wholly-owned by the Company has today increased
its issued and paid-up capital from S$250,000 to $10,000,000 by cash
injection of S$9,750,000. This cash injection is fully funded by internal
resources. The authorised capital has been increased from S$250,000
to S$20,000,000.
SPH Magazines Private Limited's principal activity is that of publishing
and distribution, inter alia, of magazines, periodicals and books.
The capital injection has no material impact on the earnings per
share or net tangible assets per share of the Company for the financial
year ending 31 August 2004.
None of the directors of the Company has any interest, direct or
indirect in SPH Magazines Private Limited. The Company has no substantial
shareholder as at the date of this announcement.
Issued by Singapore Press Holdings
For more information, please contact:
Juliana Chong
Assistant Manager
Corporate Relations
Singapore Press Holdings
1000 Toa Payoh North
Singapore 318994
Tel: 65-6319 1895
Fax: 65-6319 8150
Email: julianac@sph.com.sg
About SPH Magazines Pte Ltd
SPH Magazines Pte Ltd (formerly known as Times Periodicals Pte Ltd),
a wholly owned subsidiary of Singapore Press Holdings Ltd, is the
leading magazine publisher in Singapore with all its titles maintaining
No.1 readership in their respective sectors in the Nielsen Media
Index 2003.
|
Her
World :
|
Singapore's
No.1 women's magazine with 141,000 readership |
|
Home
& Décor :
|
Style
leader in home interior sector with 35,000
readership |
|
Young
Parents :
|
The
best-read parenting magazine for those with kids
between 0-9 years old. Readership is 16,000 |
|
Her
World Brides :
|
A
definitive wedding guide published quarterly |
SPH Magazines also specialises in custom publishing and produces
two of the highest circulating publications in Singapore.
|
NSMan
:
|
150,000
cps, bi-monthly for SAFRA National Service
Association |
|
ResQ
:
|
120,000
cps, bi-monthly for Civil Defence Association for
National Servicemen |
|
Silver
Kris :
|
75,000
cps monthly English edition and 45,000
cps bi-monthly Japanese edition for Singapore International
Airlines |
SPH Magazines is the exclusive marketing representative of two
leading
Chinese publications:
|
Citta
Bella :
|
No.1
Chinese women's magazine in Singapore |
|
You-Weekly
:
|
Weekly
entertainment magazine |
|
