, excluding its media business, heating up the bidding war with state investor Temasek Holdings over control of the media and real estate firm.
The improved bid comes weeks after the consortium, Cuscaden Peak, swooped in with a superior offer to Keppel's, escalating the bidding war among investors eyeing SPH's property assets, which include malls, student accommodation and facilities for care of the elderly. "While we believe that this is an attractive acquisition, Keppel will remain disciplined. We will not acquire SPH at any cost, and have made it clear that this is the final consideration," Keppel Chief Executive Loh Chin Hua said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: