Singapore Press Holdings Limited
SGX Announcement - Incorporation Of Associated Company
Singapore Press Holdings Ltd (“SPH”) wishes to announce that an
associated company, OpenNet Pte Ltd (“OpenNet”), has been incorporated
in Singapore with an initial issued and paid-up capital of S$1,000.00,
comprising 1,000 ordinary shares of S$1 each (“Shares”).
SPH Net Pte Ltd, an indirect wholly-owned subsidiary of SPH, holds 251
Shares in OpenNet, representing approximately 25% of the issued share
capital of OpenNet. The remaining issued Shares in the capital of
OpenNet are held by Axia NetMedia Corporation (299 Shares), Singapore
Telecommunications Limited (299 Shares) and SP Telecommunications Pte
Ltd (151 Shares).
The principal activities of OpenNet are to design, build and operate
the passive infrastructure for Singapore´s Next Generation National
Mr Alan Chan Heng Loon, CEO and Director of SPH, is a Director of
OpenNet Pte Ltd. Mr Chan is also a Director of Singapore Power Limited,
the holding company of SP Telecommunications Pte Ltd. Except as
disclosed herein, none of the Directors of SPH has any interest, direct
or indirect, in the matter.
Dated: 9 October 2008