SINGAPORE (Sept 24): Keppel Corp and Singapore Press Holdings (SPH) are considering a potential transaction involving their respective stakes in telco M1.

Keppel owns 19.3% of M1, via Keppel T&T, while SPH owns 13.5% of M1. A general offer for M1 would be triggered should both Keppel and SPH divest their respective stakes in M1 to a third-party investor.

Malaysian telco Axiata Group is M1’s largest single shareholder with a 28.7% stake.

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