This printed article is located at http://sph.listedcompany.com/news.rev
Singapore Press Holdings
Nov 11 close: $3.74
DBS GROUP RESEARCH, Nov 11
SPH, in a joint venture with NTUC, submitted the highest bid of $541.9 million (amongst six bidders) for a 25,000-square metre gross floor area (GFA) shopping mall at Clementi, in a tender that closed on Nov 10. The bid of $541.9 million was above market expectations and is some 42 per cent higher than the second bid of $382 million.