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M1 VGO seen to go through as Axiata unlikely to make counter bid: CGS-CIMB

PC Lee
PC Lee • 2 min read
M1 VGO seen to go through as Axiata unlikely to make counter bid: CGS-CIMB
SINGAPORE (Nov 5): CGS-CIMB Securities is downgrading M1 to “hold” with an unchanged target price of $2.06 on expectations the Voluntary General Offer (VGO) will go through and that Axiata is unlikely to make a counter-bid at a much higher price.
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