SPH holds about 0.1% of South Korean e-commerce company Coupang

SINGAPORE ( THE BUSINESS TIMES ) – Singapore Press Holdings (SPH) said its indirect stake in South Korean e-commerce company Coupang is estimated at 0.1 per cent.
The announcement follows a report by The Business Times (BT) on Feb 25 highlighting potential returns for Coupang’s existing investors if a proposed initial public offering (IPO) takes place.
Shares of SPH surged 9.4 per cent or $0.12 on Friday, to close at $1.40, on unusually high trading volume.
SPH, which publishes The Straits Times…

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