Inbox - 29/9 - Friday
Friday, September 29, 2006
further reading: http://www.sph.com.sg/news/latest/press_060929_001.html
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SPH Magazines Acquires Leading IT Media Company Hardware Zone Pte Ltd
Singapore, 29 September 2006 - SPH Magazines Pte Ltd (“SPHM”), a wholly-owned company of Singapore Press Holdings Limited, today announced its acquisition of Hardware Zone Pte Ltd and its subsidiaries (“HWZ”). The total investment to purchase HWZ is S$7.1 million.
HWZ is the leading IT media company in Asia, providing marketing channels and services to the information communications, technology and interactive entertainment industry. It has operations in Singapore, Malaysia, Thailand, Philippines, Indonesia, China and Australia, publishing prolific IT magazine titles , namely HWM, GameAxis Unwired and PHOTOVIDEOi, along with operating popular online portal www.hardwarezone.com which has monthly pageviews of more than 35 million.
Mr Loh Yew Seng, Chief Executive Officer (CEO) of SPHM said, “We’ve been interested in expanding our magazine portfolio to include IT publications and HWZ is the perfect match for us. HWZ’s entrepreneurial management team has done a commendable job in growing HWZ to what it is today. HWZ will be able to complement SPHM’s existing online and print media portfolios especially in the IT verticals.”
Commenting on the investments by SPHM, Jackie Lee, CEO of HWZ said, "We are very excited to be joining Singapore’s leading newspaper and magazine publisher as we bring together complementary visions of growing beyond print and beyond Singapore. Tapping onto their extensive reach locally and regionally, we are confident and bullish that our brands and products will continue to grow further."
The online magazine business strategy of HWZ will complement the strong print magazine business of SPHM and this will boost SPHM’s profile in the region as a major publisher with multi-platforms to offer readers and advertisers.
The acquisition of HWZ represents a further step in SPHM realising its ambition of becoming a major magazine publisher in the region, following the 2004 acquisition of the titles under Blu Inc, and other acquisitions in Singapore and Thailand. Mr Arthur Seet, Chairman of SPHM said, “HWZ is a young company with strong management, we believe that given SPHM’s publishing expertise and resources, HWZ has significant potential to grow further.”
Issued by SPH Magazines Pte Ltd
Co. Regn No.: 196900476M
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holy crap. guess this is the goodbye to the loosely-moderated EDMW.
Singapore Press Holdings is owned by hmm... tummysick holdings which is in turned owned by the singapore gahmen.
this may potentially affect the posts in EDMW during the big event of 2010/2011. cant afford to be too direct to save my ass. oh well.
==
SPH Magazines Acquires Leading IT Media Company Hardware Zone Pte Ltd
Singapore, 29 September 2006 - SPH Magazines Pte Ltd (“SPHM”), a wholly-owned company of Singapore Press Holdings Limited, today announced its acquisition of Hardware Zone Pte Ltd and its subsidiaries (“HWZ”). The total investment to purchase HWZ is S$7.1 million.
HWZ is the leading IT media company in Asia, providing marketing channels and services to the information communications, technology and interactive entertainment industry. It has operations in Singapore, Malaysia, Thailand, Philippines, Indonesia, China and Australia, publishing prolific IT magazine titles , namely HWM, GameAxis Unwired and PHOTOVIDEOi, along with operating popular online portal www.hardwarezone.com which has monthly pageviews of more than 35 million.
Mr Loh Yew Seng, Chief Executive Officer (CEO) of SPHM said, “We’ve been interested in expanding our magazine portfolio to include IT publications and HWZ is the perfect match for us. HWZ’s entrepreneurial management team has done a commendable job in growing HWZ to what it is today. HWZ will be able to complement SPHM’s existing online and print media portfolios especially in the IT verticals.”
Commenting on the investments by SPHM, Jackie Lee, CEO of HWZ said, "We are very excited to be joining Singapore’s leading newspaper and magazine publisher as we bring together complementary visions of growing beyond print and beyond Singapore. Tapping onto their extensive reach locally and regionally, we are confident and bullish that our brands and products will continue to grow further."
The online magazine business strategy of HWZ will complement the strong print magazine business of SPHM and this will boost SPHM’s profile in the region as a major publisher with multi-platforms to offer readers and advertisers.
The acquisition of HWZ represents a further step in SPHM realising its ambition of becoming a major magazine publisher in the region, following the 2004 acquisition of the titles under Blu Inc, and other acquisitions in Singapore and Thailand. Mr Arthur Seet, Chairman of SPHM said, “HWZ is a young company with strong management, we believe that given SPHM’s publishing expertise and resources, HWZ has significant potential to grow further.”
Issued by SPH Magazines Pte Ltd
Co. Regn No.: 196900476M
==
holy crap. guess this is the goodbye to the loosely-moderated EDMW.
Singapore Press Holdings is owned by hmm... tummysick holdings which is in turned owned by the singapore gahmen.
this may potentially affect the posts in EDMW during the big event of 2010/2011. cant afford to be too direct to save my ass. oh well.
