SHARES of M1, Singapore Press Holdings (SPH) and Keppel
Telecommunications & Transportation (Keppel T&T) were sharply higher on
Monday after they resumed trading following news that the latter two were
looking to sell their stakes in the telco.
At 9.54am, M1 was trading around S$2.22, up 3 Singapore
cents, or 1.37 per cent. About 6 million shares changed hands.
SPH hit S$3.62 before trading around S$3.56, up 3 Singapore
cents, or 0.85 per cent. Some 4.8 million shares were traded. Keppel T&T
was trading around S$1.76, up 5.5 Singapore cents, or 3.23 per cent.
On Friday, SPH said that it has, together with Keppel
T&T and Malaysia's Axiata Group Berhad, jointly appointed Morgan Stanley
Asia (Singapore) as financial adviser to assist with a strategic review of
their stakes in M1.
Malaysian telco Axiata is the biggest shareholder in M1 with
a 29 per cent stake, while Keppel T&T has a 19 per cent holding and SPH a
13.38 per cent stake.
Get Live
Trading Signal With Us – www.equityprofit.com
No comments:
Post a Comment