Shareholders of Singapore Press Holdings (SPH) have overwhelmingly backed its plan to hive off its media business. And this will pave the way for the formation of a new company limited by guarantee (CLG), while potentially unlocking shareholder value for the mainboard-listed company. Patrick Daniel, CEO, SPH Media Trust shares what becoming not-for-profit would mean for a company with so much history in the media industry locally and SPH Media's plans to continue to be a strong brand in Singapore. 

<p>Shareholders of Singapore Press Holdings (SPH) have overwhelmingly backed its plan to hive off its media business.&nbsp;And this will pave the way for the formation of a new company limited by guarantee (CLG), while potentially unlocking shareholder value for the mainboard-listed company. <strong>Patrick Daniel, CEO, SPH Media Trust&nbsp;</strong>shares what becoming not-for-profit would mean for a company with so much history in the media industry locally and SPH Media's plans to continue to be a strong brand in Singapore.&nbsp;</p>