Temasek and Singapore Press Holdings Limited
(SPH) have entered into an agreement to merge their respective meetings, incentives, conventions and exhibitions (MICE) subsidiaries, SingEx Holdings Pte. Ltd and Sphere Exhibits Pte Ltd, to form SingEx-Sphere Holdings Pte Ltd. Temasek will own 60% in SingEx-Sphere, with SPH owning 40%. Mr Robin Hu will be appointed chairman of SingEx-Sphere. Notwithstanding the short-term challenges posed by COVID-19, the parties see tremendous potential in the MICE space. Singapore, for instance, remains a dynamic business hub with a spanning ecosystem that connects businesses globally. SingEx-Sphere aims to be a regional MICE market leader for hybrid events driving best-in-class solutions from a combined portfolio of events management, venue and consultancy businesses. The completion of the transaction is subject to customary closing conditions.
„The ambition of the merged entity is to grow via both organic curation and inorganic investments.“
Mr Robin Hu, chairman of SingEx, said, "Events and Exhibitions remain the most robust marketing channels for businesses around the world. Both SingEx and Sphere Exhibits, with over five decades of combined experience in organising and hosting trade and consumer shows across a variety of sectors, have built a strong foundation for the MICE scene in Singapore and our region. The ambition of the merged entity is to continue building on its firm foundation by adding to it additional intellectual properties in the form of new events and exhibitions via both organic curation and inorganic investments."