“At our 1Q2026 business update, we announced our target to monetise $2 billion to $3 billion of non-core assets in 2026. This remains unchanged, and we will continue to work towards our monetisation target. In real terms, for our investors, the impact is about 7 cents to 11 cents per share in special dividends. We will continue to explore opportunities for monetisation, so the special dividends have not gone away; they have just been deferred,” he adds.
In August last year, Keppel announced its proposed $1 billion cash sale of M1 to Simba. However, on May 18, the IMDA announced it had suspended the review of Keppel’s planned sale of M1 to Simba.
“Given IMDA’s decision, the proposed divestment of our stake in the M1 telco business will be removed from Keppel’s announced monetisation for 2025,” Loh Chin Hua, group CEO, Keppel, says during a briefing to analysts and media.
