SPH, Keppel offer to buy out M1 at value of S$1.9 billion

[covertbriar]

Singapore Press Holdings Ltd and Keppel Corp offered to buy shares they did not already own in M1 Ltd amid intensifying competition that’s seen the mobile-phone company languishing in last place among the city-state’s operators.

The two companies, M1’s second- and third-biggest shareholders, offered S$2.06 for each share, valuing the mobile operator at S$1.9 billion, according to a statement Thursday (Sept 27). The cash offer is 26 per cent more than M1’s last price on Sept 21 before the stock was halted from trading.

The purchase would give Keppel and SPH free rein to overhaul a carrier whose stock has plunged 59 per cent since a high in March 2015 as it faces increasing threats in Singapore’s congested mobile industry. Despite having a population 0.4 per cent the size of China’s, Singapore will soon see the entry of a fourth wireless operator, giving it a larger number of carriers than the world’s biggest mobile-phone market.

More at SPH, Keppel offer to buy out M1 at value of S$1.9 billion

 

[tanwahtiu]

Tiny dot tiny sum share offer. Like wearing cup A bra size better not wear it then...

 

[halsey02]

Buy it then sell it to NTUC Enterprise, who will offer 'deep discounts' for mobile lines, broadband etc.. for UNION MEMBERS & the 70% voters. They will control, everything , from what you wear, what you eat, where you eat, how you use your mobile, how you use your broadband, what programs you access on your streaming services, movies etc..

We use to fight the communists in the 50's to the 70's & 80's...for they control every aspect of society & the people they rule....what is difference now, with the PAP government buying up private enterprises directly or indirectly. Looks like, competition, but in actual fact, wolf in 'sheep' disguises.

Worst than, any socialist, marxist or communist countries, still existing today in the 21st century.

 

[no_faith]

Siao liao monopolize

 

[congo9]

why not ask Singtel to buy them up ? 1.9 billion is just small change for them.

 

[tanwahtiu]

Small tiny dot island economy can get services laugh laugh. Happy like harry...

Buy it then sell it to NTUC Enterprise, who will offer 'deep discounts' for mobile lines, broadband etc.. for UNION MEMBERS & the 70% voters. They will control, everything , from what you wear, what you eat, where you eat, how you use your mobile, how you use your broadband, what programs you access on your streaming services, movies etc..

We use to fight the communists in the 50's to the 70's & 80's...for they control every aspect of society & the people they rule....what is difference now, with the PAP government buying up private enterprises directly or indirectly. Looks like, competition, but in actual fact, wolf in 'sheep' disguises.

Worst than, any socialist, marxist or communist countries, still existing today in the 21st century.

 

[Boliao]

So who owns SPH and Keppel? And does the same owner own M1? If you know the answer, you know what's going on.