SPH shares jump 11% on heavy volume
SINGAPORE (THE BUSINESS TIMES) - Shares of Singapore Press Holdings (SPH) surged on Friday (Nov 20) amid active trading.
At 1.58pm, the stock had climbed12 cents or 11.4 per cent to $1.17, on a cum-dividend basis.
With50 million shares changing hands, it was the second-most traded by value on the Singapore bourse, and fifth by volume.
About 65 large trades - each valued at more than $150,000 - were done during the morning trading session.
Last month, the stock briefly dipped below $1. The first time it did so was on Oct 14 morning, after the board slashed dividends as the media and property group fell into the red. It fell again on Oct 29 to Nov 2, to close at around 99 cents to 99.5 cents.
SPH, which publishes The Business Times and The Straits Times, recommended a final cash dividend of one cent per share for its fiscal year ended Aug 31, 2020, down from 5.5 cents a year ago. The dividend is payable on Dec 18 after books closure on Dec 4.
《商业时报》(Business Times)和《海峡时报》(Strait Times)的出版商SPH建议，在截至2020年8月31日的财年，末期现金股息为每股1美分，低于一年前的5.5美分。股息将在12月4日结账后于12月18日支付。
Separately, the manager of SPH Reit, which is sponsored by SPH, announced on Wednesday that its non-executive director David Chia, 65, has resigned to pave the way for the "renewal of board members".
另外，由SPH赞助的SPH Reit经理周三宣布，65岁的非执行董事David Chia已辞职，为“更新董事会成员”铺平道路.。
SPH Reit units also rose on Friday, gaining 1.9 per cent or 1.5 cents to trade at 81.5 cents as of 1.58pm.