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Konnectivity
Broker's Calls
Maybank remains 'neutral' on telco sector as uncertainty looms
SINGAPORE (Apr 1): Maybank Kim Eng Research remains “neutral” on the Singapore telco sector amid uncertainty over the implication for competition in the industry with M1’s imminent de-listing.
April 01, 2019
M&A
Konnectivity owns 94.55% in M1 at close of offer; will go ahead to compulsorily acquire all other shares and delist telco
SINGAPORE (Mar 19): Konnectivity, the offer vehicle jointly owned by Keppel Corporation and Singapore Press Holdings (SPH), and its concert parties have gained a 94.55% stake in M1 at the close of the voluntary unconditional general offer.
March 19, 2019
Buyout
Offer for M1 turns unconditional after Konnectivity achieves majority control
SINGAPORE (Feb 16): The offer for M1 by Konnectivity has become unconditional in all aspects after the latter gained majority control of the telco.
February 16, 2019
Broker's Calls
Accept the offer as outlook still looks murky for M1, says OCBC
SINGAPORE (Jan 31): Keppel Corp and Singapore Press Holdings (SPH), through offer vehicle Konnectivity, and together with concert parties and valid acceptances, have amassed a total stake of 34.41% in M1.
January 31, 2019
Broker's Calls
OCBC revises M1 to 'accept the offer' from 'hold' on competitive environment
SINGAPORE (Jan 8): OCBC Investment Research is revising its “hold” rating on M1 to “accept the offer” while maintaining its current fair value estimate of $2.06 per share.
January 08, 2019