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  • Volume: 706.8M
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Time Name Type Price Vol
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Name Last Change
Kep Infra Tr0.470-
Ascendas Reit2.860-
SGX7.410-
UOB25.210-
UMS0.760-
3Cnergy0.009-
800 Super0.670-
8Telecom^0.058-
A-Smart0.420-
A-Sonic Aero^0.230-

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Name Last Change
Nasdaq 7,839.0 +110.0
HSI 29,071.6
HSCEI 11,544.1
Jakarta 6,501.8
Nikkei 225 21,628.9 +20.0
SSE Comp 3,101.5
Shanghai A 3,248.4
Shanghai B 307.6
ShenZhen A 1,775.3
ShenZhen B 1,034.8
Taiwan W 10,609.5
PSE Comp 0.0
KOSPI 2,192.3 +7.4

Asian Indices delayed. US Indices updated twice daily at 7:30am and 7:30pm.

News - Detailed News Story

Keppel, SPH to exercise right to compulsory acquisition of all M1 shares before delisting telco

09 Mar 2019 09:00

By Yunita Ong

KEPPEL Corporation and Singapore Press Holdings (SPH) will exercise their right to compulsorily acquire all the remaining shares they do not already own in telco M1 at the offer price of S$2.06 apiece, after which they will delist the company.

As at 5pm on Wednesday, Keppel and SPH, through their joint venture firm Konnectivity, hold 92.2 per cent of all the shares in the company, crossing the threshold of 90 per cent of the total number of issued shares other than those already held by Konnectivity and its concert parties as at the commencement of the offer.

This was thanks to "strong shareholder support", Konnectivity said in a statement on Wednesday night.

M1 lost its free float last week after less than 10 per cent of its issued shares remain in the hands of the public. The date of the delisting will be announced in due course.


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Source: Business Times
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