SINGAPORE - Singapore Press Holdings announced within a week its second investment abroad in the aged care business - the acquisition of a portfolio of assets in Canada for C$232.9 million .
SPH chief executive officer Ng Yat Chung said:"We continue to seek cash-yielding assets in defensive sectors to build up our recurring income base." Its Canadian acquisition, expected to complete by May 2020, will be funded by a combination of internal funds and debt, said SPH, which publishes The Straits Times.
Oh no Canada 😭
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