M1 hits six-month low as major shareholders call off strategic review

SINGAPORE (July 19): Shares in M1 are down 6.9% or 14.5 cents to $1.955 with 12.5 million shares traded.

That's a six-month low for the stock after major shareholders announced on Tuesday night they have called off strategic review.

M1’s three biggest shareholders of M1 – Singapore Press Holdings (SPH), Keppel Telecommunications & Transportation (Keppel T&T), and Malaysian telco Axiata Group Berhad – announced that they have decided not to proceed further with their strategic review to dispose of their respective stakes in the telco.

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