M1 to delist after Keppel buyout

Keppel and SPH now controls 91.15% of M1's shares.

Konnectivity, a company jointly owned by Keppel and Singapore Press Holdings (SPH), has now owned 91.15% of M1’s shares, resulting from its delisting from SGX.

This is the result of having only 9.85% shares being available to the public which is less than 10% under the free float requirement of exchange.

Axiata Group was M1’s largest shareholder until they sold 28.6% of their stake to Keppel and SPH.

Also read: Keppel-SPH buyout could strengthen M1's MVNO position

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