• Incorporated in 1984, SGX Mainboard-listed Singapore Press Holdings Ltd. (SPH) is a constituent of the Straits Times Index (STI). With a legacy business in Media where they publish, print and distribute most newspapers and magazines in Singapore, SPH has diversified into Property, Aged Care and other businesses over the years. It also holds a 70% stake in a SGX-listed Real Estate Investment Trust (REIT), SPH REIT which comprises a portfolio of retail malls in Singapore and Australia
  • Since late 2017, the leadership team was rejuvenated with new appointments of a Chief Executive Officer, Chief Financial Officer, Chief Marketing Officer, Chief Product Officer, Chief Technology Officer and Chief of Digital Business. The senior management bench was strengthened to support the transformation of SPH's business as it digitalises the core Media business and seek new pillars of growth in Property, Digital and Aged Care
  • Merger and acquisitions (M&As) form an integral part of SPH's transformation strategy and Tulchan was appointed in end Jun 2018 on a retained basis and has to date advised SPH on the following transaction work:
    • Four acquisitions of student accommodation assets in the UK totaling ∼S$600 million (Sep 2018 - Apr 2019)
    • Joint privatisation of telco Ml Ltd with Keppel Corporation for S$1.9 billion (Sep 2018) and Issuance of S$150 million in perpetual securities (Jun 2019)
    • Tulchan Communications LLP | Shaping public perceptions to support SPH's transformation journey

Key Objectives