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leongsam, when is SPH buying over Sammyboy? Do you value Sammyboy more than $60m?
http://www.businesstimes.com.sg/breaking-news/singapore/sph-buys-sgcarmart-20130401
Singapore Press Holdings (SPH) today entered into a sale and purchase agreement to buy online car portal sgCarMart for up to S$60 million.
The deal includes sgCarMart's online vehicle classifieds site, car auction platform, online marketing site as well as its service provider for car loans, insurance and settlement services.
SPH, which owns online car portal STCars, will pay for the acquisition wholly in cash.
SPH shares ended today 4 cents down at $4.44.
http://www.businesstimes.com.sg/breaking-news/singapore/sph-buys-sgcarmart-20130401
Singapore Press Holdings (SPH) today entered into a sale and purchase agreement to buy online car portal sgCarMart for up to S$60 million.
The deal includes sgCarMart's online vehicle classifieds site, car auction platform, online marketing site as well as its service provider for car loans, insurance and settlement services.
SPH, which owns online car portal STCars, will pay for the acquisition wholly in cash.
SPH shares ended today 4 cents down at $4.44.