Singapore Press to buy shopping mall for $392 mln

November 18, 2009
Singapore Democrats

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Singapore Press Holdings, which has a near monopoly on newspaper publishing in the city-state, will pay S$541.9 million ($391.8 million) for a property in Singapore.

Harry Suhartono
Reuters

Singapore Press Holdings, which has a near monopoly on newspaper publishing in the city-state, will pay S$541.9 million ($391.8 million) for a property in Singapore.

The company said on Tuesday its subsidiary, CM Domain Pte Ltd, has received notification from the government’s Housing Development Board that it won a tender for the purchase of Clementi Mall. ($1=1.383 Singapore Dollar)

http://www.reuters.com/article/rbssTechMediaTelecomNews/idUSSIN282120091117