SINGAPORE - The offer to buy Singapore's third largest telco M1 has crossed a key threshold.. Read more at straitstimes.com.
SINGAPORE - The offer to buy Singapore's third largest telco M1 has crossed a key threshold. Keppel Corp, together with Singapore Press Holdings, currently holds 90.15 per cent of M1's shares through their joint venture firm Konnectivity, according to an exchange filing on Wednesday .
This means that M1 will be delisted as the public float has fallen below 10 per cent. The mainboard-listed company no longer meets the free float requirement of the Singapore Exchange. googletag.cmd.push { googletag.display; }); Shareholders who may not want to hold shares in an unlisted company should consider accepting Konnectivity's offer of $2.06 per share by March 18. googletag.cmd.push { googletag.
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