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Storm clouds darken over M1 as stake sale plans by major shareholders fall through

Michelle Zhu
Michelle Zhu7/19/2017 10:37 AM GMT+08  • 3 min read
Storm clouds darken over M1 as stake sale plans by major shareholders fall through
SINGAPORE (July 19): M1’s share price has shed 14 cents or some 7% to $1.96 this morning.
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SINGAPORE (July 19): M1’s share price has shed 14 cents or some 7% to $1.96 this morning.

The drop follows last night’s announcement that its majority shareholders – Axiata Group, Singapore Press Holdings (SPH) and Keppel Telecommunications & Transportation (Keppel T&T) – have decided not to proceed with their strategic review to dispose of their stakes in the local telco.


See: M1 2Q earnings falls 21% to $32.5 mil; majority shareholders abandon stake sale

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