Announcement
To The Singapore Exchange Ltd
Completion Of Acquisition Of Blu Inc Group's Publishing Business
Further to the announcement on 8 June 2004 regarding the Share Purchase
Agreement dated 8 June 2004 made between Singapore Press Holdings
Limited's wholly-owned subsidiary, SPH Magazines Pte. Ltd. ("SPH
Magazines"), and Blu Inc Group Limited, now known as Vantage
Corporation Limited, the Board of Singapore Press Holdings Limited
wishes to announce the completion today of the sale and transfer to
SPH Magazines of the shares and magazine titles and marks under the
Share Purchase Agreement.
Consequently, SPH Magazines is now the owner of:
a) all the magazine titles, trade names and marks owned by BIGL
including Female, NuYou, Peak and Torque;
b) the following shares in the capital of the following companies:
(i) 5,000,000 ordinary shares of S$1.00 each constituting the
entire issued share capital of Blu Inc Holdings (S) Pte Ltd;
(ii) 300,000 ordinary shares of S$1.00 each constituting the
entire issued share capital of Blu Inc Media Pte Ltd;
(iii) 2 ordinary shares of S$1.00 each constituting the entire
issued share capital of Blu Inc Publishing (S) Pte Ltd;
(iv) 2 ordinary shares of S$1.00 each constituting the entire
issued share capital of Blu Inc Ventures Pte Ltd; and
(v) 1,000,002 ordinary shares of S$1.00 each constituting the
entire issued share capital of Magazines Incorporated Pte Ltd.
None of the directors of Singapore Press Holdings Limited has any
interest, direct or indirect, in this transaction.
Dated: 1 September 2004
Submitted by Ginney Lim May Ling,
Group Company Secretary to SGX on 1 September 2004.
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