acquistion

The purchase consideration for all six assets stood at $28 million, or approximately IDR330,640 million.

AEM said this is "an opportunity for CEI shareholders to realise their investment at a premium to market prices".

SPH notes that the divestment of a non-core business will sharpen its strategic focus on its main business segments which consist of media, retail, retail real estate, purpose-built student accommodation and aged care.

In a media statement today, CCCS concluded that the merged entity would continue to face sufficient competition in the relevant markets from other suppliers in Singapore and overseas.