Storm clouds darken over M1 as stake sale plans by major shareholders fall through
Michelle Zhu • • 3 min read
SINGAPORE (July 19): M1’s share price has shed 14 cents or some 7% to $1.96 this morning.
Follow us on Facebook and join our Telegram channel for the latest updates.
SINGAPORE (July 19): M1’s share price has shed 14 cents or some 7% to $1.96 this morning.
The drop follows last night’s announcement that its majority shareholders – Axiata Group, Singapore Press Holdings (SPH) and Keppel Telecommunications & Transportation (Keppel T&T) – have decided not to proceed with their strategic review to dispose of their stakes in the local telco.
Never miss out on important financial news and get daily updates today
×
Download The Edge Singapore App
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
