Post Reply
1-20 of 3106
M1 unit to acquire up to 70% stake in Malaysian ICT service provider
LOCAL telco M1, through its indirect subsidiary AsiaPac Technology, will acquire up to 70 per cent stake in Malaysia-based Glocomp Systems and its 2 affiliate companies for RM111 million (S$36 million) as part of M1' s continued expansion into the cloud services business.
The deal will see Global Computing Solutions (GCS) and GCIS restructured as subsidiaries of Glocomp and managed by a unified management team, said M1 in a statement on Wednesday (Dec 1).
The remaining 30 per cent stake in Glocomp will continue to be held by its founders.
Collectively, the Glocomp group are information and communications technology (ICT) solution providers with solutions in areas of cybersecurity, enterprise systems and multi-cloud infrastructure.
AsiaPac will acquire an initial 26 per cent stake in Glocomp for RM26.3 million, funded via a combination of subscription of new ordinary shares to be issued by Glocomp, and purchase of ordinary shares from Glocomp founders Liew Yoon Kit, Giam Teck Eng, Chan Yue Mun and Chan Tze Ming, said M1' s parent company Keppel Corporation in a separate statement.
The initial tranche is expected to be completed by the first half of 2022.
The parties have entered into certain put option and call option arrangements for AsiaPac to purchase additional ordinary shares from the vendors, which will increase AsiaPac' s stake in Glocomp to up to 70 per cent of the total issued share capital of Glocomp over 2 further tranches.
The aggregate purchase price for the further tranches will be calculated based on mutually agreed formulae not exceed RM84.7 million.
Assuming completion of the initial and further tranches, the maximum aggregate purchase price for 70 per cent of the total issued share capital of Glocomp will not exceed RM111 million, to be paid in cash.
This will be funded by AsiaPac through internal resources, said Keppel.
M1 said the Glocomp acquisition is a natural extension of its cloud services business and marks the initial expansion into other regional markets, starting with Malaysia.
" Importantly, Glocomp&rsquo s expertise in the ICT sphere helps M1 to advance Keppel&rsquo s Vision 2030 and continuously create value for enterprises through innovative technology and digital solutions,&rdquo said M1 chief Manjot Singh Mann.
The audited net asset value and book value of Glocomp, GCS and GCIS are approximately RM62 million, RM3.6 million and RM7.6 million respectively as at Dec 31, 2020.
Try your Broker....F
acility is usually available for a period of at least one year from the date of closure of the delisting process.
Hi everyone. I am still holding my M1 share, did not manage to dispose before delist. with compulsory acquisition by konnectivity, will i get my money back @ 2.06? if yes, what do i need to do? thanks!
94.55% without the tender by UBS 5% to keppel it will be 89% unable to reach even 90%. So thanks to UBS tgis delisting is possible.
Sayonaraaaa..................M1..................
Konnectivity owns 94.55% in M1 at close of offer will go ahead to compulsorily acquire all other shares and delist telco
19/03/19, 07:14 am
SINGAPORE (Mar 19): Konnectivity, the offer vehicle jointly owned by Keppel Corporation and Singapore Press Holdings (SPH), and its concert parties have gained a 94.55% stake in M1 at the close of the voluntary unconditional general offer.
Konnectivity will therefore go ahead and exercise its rights to compulsorily acquire all the shares of shareholders who have not accepted the offer at the offer price of $2.06 for each share.
M1 will then be delisted, subject to the approval of the Singapore Exchange.
After compulsory acquisition, Konnectivity is expected to hold 80.69% of M1 with the remaining 19.31% being held by Keppel Telecommunications and Transportation, a company related to offeror.
Following the close of the offer, Keppel Corporation will, together with SPH, work with M1 to &ldquo start a multi-year transformational journey to enhance its competitiveness. M1 will devise a multi-pronged strategy of innovation, technology adoption and digitalisation, to better meet the needs of its customers.&rdquo
Manjot Singh Mann, CEO of M1, says, &ldquo As a member of the Keppel Group, M1 looks forward to working closely with the Keppel Group and with SPH to accelerate the changes needed to deliver even more innovative and compelling products and services, to stay ahead of the competition. M1 shall endeavour to transform to be at the heart of convergence of various digital services and technologies that present day consumers and enterprises demand. Keppel and SPH bring with them their organisational strengths and stability, which will help us chart our growth plans aggressively, while seeking significant opportunities of synergy with them.&rdquo
https://www.theedgesingapore.com/konnectivity-owns-9455-m1-close-offer-will-go-ahead-compulsorily-all-other-shares-and-delist-telco
The 1st thing to close is more likely to be this M1 thread.........................
................when delisting is announced......................
Close! close! close! all M1 Circle.Life accounts business or personal accounts all close and move to SingTel better deals. Will never open with Keppel again! Cannot be trusted and a lowball company. Credit rating cuts is near for keppel.
Agree with bullrun6088.
In short, smoke screen are used by the " top" frequently to con many " ppls" . M1 kana forced take over.
With these simple rules, just con ppls to get the shares.
Then " top" play down the " shares" ...then " good wills" buy back at low price.
Then say after bought back we will make that profitable again...but sorry u r not the shareholders anymore.
The worst...some small fishes forced to get con. And of course, we have some small fishes happily get con too.
Look at SGX stocks history...many examples. Eu xx, OSIM, etc.
Many buyers though the price show on the market is the " real value" , no wonder someone keep rolling in $$$$$.
KAMAL0883 ( Date: 14-Mar-2019 14:23) Posted:
if the durian really very angpai even smoke or snake many peoples will still rush to pick
bullrun6088 ( Date: 07-Mar-2019 17:43) Posted:
| That is what you see NOW. What you see now is just a smoke screen. Someone is throwing a lot of smoke and we got con |
|
|
|
KAMAL0883 ( Date: 14-Mar-2019 14:23) Posted:
if the durian really very angpai even smoke or snake many peoples will still rush to pick
bullrun6088 ( Date: 07-Mar-2019 17:43) Posted:
| That is what you see NOW. What you see now is just a smoke screen. Someone is throwing a lot of smoke and we got con |
|
|
|
if the durian really very angpai even smoke or snake many peoples will still rush to pick
bullrun6088 ( Date: 07-Mar-2019 17:43) Posted:
That is what you see NOW. What you see now is just a smoke screen. Someone is throwing a lot of smoke and we got con.
KAMAL0883 ( Date: 07-Mar-2019 14:24) Posted:
dun you see Singtel and StarHub share price keep dropping ?
without KC/SPC offering 100 % by today M1 already hit 1.50 lia |
|
|
|
eh... zero 1 is super cheap and good. [ am using it. though the coverage seems to be bad in the north side]
not an advert though. LOL. how i wish it was a paid posting.
Close all M1 accounts. Close all Circle.Life accounts. Bye bye keppel. Moving to SingTel.
Not moving
alidaud ( Date: 07-Mar-2019 10:43) Posted:
|
That is what you see NOW. What you see now is just a smoke screen. Someone is throwing a lot of smoke and we got con.
KAMAL0883 ( Date: 07-Mar-2019 14:24) Posted:
dun you see Singtel and StarHub share price keep dropping ?
without KC/SPC offering 100 % by today M1 already hit 1.50 liao
bullrun6088 ( Date: 07-Mar-2019 14:19) Posted:
| Outdated yes so if we don't see any 5G system in 2 to 3 years time we can come back here and confirm chop kana con and cheated big time by this keppel delisting liao |
|
|
|
Not thinking of the div. Just don' t like their strong hand method.
Somehow, i don' t like starhub.
For Singtel, we already have a lot.
Every time Singtel give div, we will use part of it to increase stock. And if rise, we will release some.
If go lower, then we will wait for div, to buy lower.
For M1, decided to keep some, waiting for it to de-list.
KAMAL0883 ( Date: 07-Mar-2019 11:03) Posted:
LOLLLLLLLL brother Lucky , why you keep thinking of the little div amount ??
give up and move on lah , use the money place with StarHub or Singtel better sia
SuperLuckyCorn ( Date: 07-Mar-2019 09:34) Posted:
Yes. They most probably make use of this opportunity to makan Axiata. If we are not wrong, as a result, Axiata lost quite a bit of $$$$, unless got special arrangement.
In this ugly world, make use of every opportunities to makan when the time come.
Er..but the gahment linked companies seem like mostly kana makan by others..but very good in makan own ppl.
|
|
|
|
dun you see Singtel and StarHub share price keep dropping ?
without KC/SPC offering 100 % by today M1 already hit 1.50 liao
bullrun6088 ( Date: 07-Mar-2019 14:19) Posted:
Outdated yes so if we don't see any 5G system in 2 to 3 years time we can come back here and confirm chop kana con and cheated big time by this keppel delisting liao.
KAMAL0883 ( Date: 07-Mar-2019 11:00) Posted:
5 years ago ??? very outdated liao .......
mobile phone or pc etc use for 2 years already outdated liao
problem is Govt now duno what to do ?
if invite Huawei 5 then USA will whack SG up side down
if dun invite Huawei will surely offended China
so very headache for SG Govt now - must wait for big brothers Indo and Malaysia move first then see how...jia lat !!! |
|
|
|
Outdated yes so if we don't see any 5G system in 2 to 3 years time we can come back here and confirm chop kana con and cheated big time by this keppel delisting liao.
KAMAL0883 ( Date: 07-Mar-2019 11:00) Posted:
5 years ago ??? very outdated liao .......
mobile phone or pc etc use for 2 years already outdated liao
problem is Govt now duno what to do ?
if invite Huawei 5 then USA will whack SG up side down
if dun invite Huawei will surely offended China
so very headache for SG Govt now - must wait for big brothers Indo and Malaysia move first then see how...jia lat !!!
bullrun6088 ( Date: 07-Mar-2019 08:19) Posted:
| 4G was just introduced 5 years ago and now want to introduce 5G? 5G won't be introduced here for another 8 to 9 years at least |
|
|
|
LOLLLLLLLL brother Lucky , why you keep thinking of the little div amount ??
give up and move on lah , use the money place with StarHub or Singtel better sia
SuperLuckyCorn ( Date: 07-Mar-2019 09:34) Posted:
Yes. They most probably make use of this opportunity to makan Axiata. If we are not wrong, as a result, Axiata lost quite a bit of $$$$, unless got special arrangement.
In this ugly world, make use of every opportunities to makan when the time come.
Er..but the gahment linked companies seem like mostly kana makan by others..but very good in makan own ppl.
Observers ( Date: 07-Mar-2019 08:08) Posted:
| Dividend? Based on what I understand they hope to do with M1 and with the impending migration to 5G and Singapore' s push for smart nation, if they don' t call for rights issue can thank heaven thank earth already. I' m guessing maybe that' s why Malaysian Axiata gave up their substantial portion of shares |
|
|
|
5 years ago ??? very outdated liao .......
mobile phone or pc etc use for 2 years already outdated liao
problem is Govt now duno what to do ?
if invite Huawei 5 then USA will whack SG up side down
if dun invite Huawei will surely offended China
so very headache for SG Govt now - must wait for big brothers Indo and Malaysia move first then see how...jia lat !!!
bullrun6088 ( Date: 07-Mar-2019 08:19) Posted:
4G was just introduced 5 years ago and now want to introduce 5G? 5G won't be introduced here for another 8 to 9 years at least!
Observers ( Date: 07-Mar-2019 08:08) Posted:
| Dividend? Based on what I understand they hope to do with M1 and with the impending migration to 5G and Singapore' s push for smart nation, if they don' t call for rights issue can thank heaven thank earth already. I' m guessing maybe that' s why Malaysian Axiata gave up their substantial portion of shares |
|
|
|
