Acquired for an initial S$12 million with further amounts of up to S$3 million payable in 2009 and 2010, SPH will retain the entire management and staff of Shareinvestor, which will continue to operate as an independent entity.
Providing internet financial services and technology with an established base of subscribers and users of its market data tools and financial applications, the acquisition will enable SPH to provide online financial services as part of its growing portfolio of Internet services while adding synergy to its Business Times title and website.
As a technology company, ShareInvestor also assists financial companies and institutions with their corporate website designs and technology services. Together with the investor relations offerings on AsiaOne and zaobao.com, SPH intends to strengthen and broaden these services to companies.
Alan Chan, SPH’s CEO, said: “Shareinvestor has made great strides since it was founded in 1999 and has done well to achieve profitability. It has done this through its long-established financial portal in Singapore, its large investor relations network in Southeast Asia, and its strong IT competence in financial market information. This acquisition will also add online financial services to SPH's stable of new media offerings."
Shareinvestor's founder Dr Michael Leong, added: "It has always been our ambition to merge with a larger and stronger media company so that we can take ShareInvestor to the next level. Shareinvestor will enhance our investor relations services as well as introduce more sophisticated features to our market data and charting tools."
Providing internet financial services and technology with an established base of subscribers and users of its market data tools and financial applications, the acquisition will enable SPH to provide online financial services as part of its growing portfolio of Internet services while adding synergy to its Business Times title and website.
As a technology company, ShareInvestor also assists financial companies and institutions with their corporate website designs and technology services. Together with the investor relations offerings on AsiaOne and zaobao.com, SPH intends to strengthen and broaden these services to companies.
Alan Chan, SPH’s CEO, said: “Shareinvestor has made great strides since it was founded in 1999 and has done well to achieve profitability. It has done this through its long-established financial portal in Singapore, its large investor relations network in Southeast Asia, and its strong IT competence in financial market information. This acquisition will also add online financial services to SPH's stable of new media offerings."
Shareinvestor's founder Dr Michael Leong, added: "It has always been our ambition to merge with a larger and stronger media company so that we can take ShareInvestor to the next level. Shareinvestor will enhance our investor relations services as well as introduce more sophisticated features to our market data and charting tools."
+(900+x+600+px)+(3).png&h=334&w=500&q=100&v=20250320&c=1)
+(900+x+600+px).jpg&h=334&w=500&q=100&v=20250320&c=1)
.jpg&h=334&w=500&q=100&v=20250320&c=1)
.jpg&h=334&w=500&q=100&v=20250320&c=1)
+(900+x+600+px).png&h=334&w=500&q=100&v=20250320&c=1)
.jpg&h=334&w=500&q=100&v=20250320&c=1)
.png&h=268&w=401&q=100&v=20250320&c=1)
.jpeg&h=268&w=401&q=100&v=20250320&c=1)
.jpg&h=268&w=401&q=100&v=20250320&c=1)
+(900+x+600+px)+(2).jpg&h=268&w=401&q=100&v=20250320&c=1)
+(900+x+600+px)+(3).jpg&h=268&w=401&q=100&v=20250320&c=1)
+(900+x+600+px).png&h=268&w=401&q=100&v=20250320&c=1)