Tuesday, July 18, 2017

SPH - M1 Strategic Review

The Company wishes to announce that Axiata Group Berhad, Keppel Telecommunications & Transportation Ltd and the Company (collectively, the “Majority Shareholders”) have decided not to proceed further with the Strategic Review. The Majority Shareholders have taken into consideration the proposals from interested parties, which despite a favourable level of interest, have not met the minimum criteria and parameters as determined by the Majority Shareholders. For the avoidance of doubt, no arrangement or agreement with any third party has been reached in relation to each Majority Shareholders’ respective shareholdings in M1 Limited.    

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