Friday, March 17, 2017

M1 Halted, SPH Halted, KTT Halted??

Today, I see something that I do not see often in the SGX. The trio of M1, SPH and KTT all have halted the trading of their shares. Both SPH and KTT are two of the three major shareholders in M1 with Axiata as the third major shareholder.

So what is in the offing?? I bet a sale of M1 is in the process to consolidate the ownership of M1 into a single majority shareholder.

It is be clear by next week!