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If accept the offer now, isn't it will not be able to receive the coming dividend?
KAMAL0883 ( Date: 18-Feb-2019 12:03) Posted:
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no need to call broker lah unless you want to sell to open market otherwise just submit the form once SGX received your instruction they will debit your M1 share and pay you with cash. Within a week can settle liao
cann777 ( Date: 17-Feb-2019 13:08) Posted:
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no, its just all conditions being met, it turns unconditional...... they still have 14+% more to collect to turn it into mandatory... (i.e. > 90% control to delist)
offer is extended to March 4th....
u have to tender your shares to be able to receive the money, give ur broker a call ask him assist u, else u maybe submit the reply slip by mail.
offer is extended to March 4th....
u have to tender your shares to be able to receive the money, give ur broker a call ask him assist u, else u maybe submit the reply slip by mail.
simplesimon ( Date: 16-Feb-2019 15:14) Posted:
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Does unconditional means compulsory acquisition? So minority holders just wait for the offeror to credit the money ?
Starship ( Date: 16-Feb-2019 09:50) Posted:
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Well axiata didnt lose either but they could have gotten a better price if they have a controlling block..but now they can use the cash to buy or expand into bigger growth markets..
Now they are just a minority in m1 anyway..and in a small mkt
Now they are just a minority in m1 anyway..and in a small mkt
MichaelSchenker ( Date: 16-Feb-2019 07:38) Posted:
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VOLUNTARY CONDITIONAL GENERAL OFFER by Konnectivity Pte. Ltd. (Company Registration No.: 201832874H) (Incorporated in the Republic of Singapore) a company jointly owned by Keppel Corporation Limited and Singapore Press Holdings Limited
2. LEVEL OF ACCEPTANCES
2.1 Shares 2.1.1 The Offeror has received, pursuant to the Offer, valid acceptances in respect of 528,415,605 Offer Shares, representing approximately 57.04 per cent. of the total number of Shares as at 5.00 p.m. (Singapore time) on 15 February 2019.
2.1.2 The breakdown of the number of Shares owned, controlled, acquired or agreed to be acquired by the Offeror and parties acting or deemed to be acting in concert with the Offeror (&ldquo Concert Parties&rdquo ) (either before or during the Offer and pursuant to the Offer or otherwise, including through valid acceptances of the Offer received by the Offeror) as at 5.00 p.m. (Singapore time) on 15 February 2019 is as follows:
Shares owned, controlled or agreed to be acquired by the Offeror (including valid acceptances of the Offer) as at 5.00 p.m. (Singapore time) on 15 February 2019 528,415,605 57.04
Shares owned, controlled or agreed to be acquired by the Offeror and its Concert Parties (including valid acceptances of the Offer) as at 5.00 p.m. (Singapore time) on 15 February 2019 707,279,605 76.35
Options
2.2.1 The Offeror has received acceptances in respect of the Options Proposal of an aggregate of 17,718,000 Options as at 5.00 p.m. (Singapore time) on 15 February 2019.
Acceptances of the Options Proposal as at 5.00 p.m. (Singapore time) on 15 February 2019 17,718,000 66.21
3. RESULTANT HOLDINGS
3.1 Shares. As at 5.00 p.m. (Singapore time) on 15 February 2019, the total number of:
(i) Shares owned, controlled or agreed to be acquired by the Offeror and its Concert Parties and
(ii) valid acceptances of the Offer, amount to an aggregate of 707,279,605 Shares, representing (a) approximately 76.35 per cent. of the total number of Shares1 and (b) approximately 75.52 per cent. of the maximum potential issued share capital of the Company .
.2 Options. As at 5.00 p.m. (Singapore time) on 15 February 2019, the Offeror has received acceptances in respect of the Options Proposal of an aggregate of 17,718,000 Options, representing approximately 66.21 per cent. of the total number of Options .
http://infopub.sgx.com/FileOpen/OFFER%20DECLARED%20UNCONDITIONAL%20IN%20ALL%20RESPECTS%20AND%20EXTENSION%20OF%20CLOSING%20DATE.ashx?App=Announcement& FileID=543812
KEPPEL CORPORATION, IN COLLABORATION WITH SINGAPORE PRESS HOLDINGS, OBTAINS MAJORITY CONTROL OF M1
&bull Offer declared unconditional
&bull The Offeror and its concert parties have obtained majority control of M1
&bull Offer extended until 5.30 p.m. (Singapore time) on 4 March 2019
____________________________
Singapore, 15 February 2019 &ndash Konnectivity Pte. Ltd. (&ldquo Offeror&rdquo ), a company jointly owned by Keppel Corporation Limited (&ldquo Keppel Corporation&rdquo ) and Singapore Press Holdings Limited (&ldquo SPH&rdquo ), has announced that its voluntary conditional general offer (&ldquo Offer&rdquo ) for M1 Limited (&ldquo M1&rdquo ) is now unconditional, as the Offeror and its concert parties have achieved shareholding above 50.0%1 . Axiata Group Bhd (&ldquo Axiata&rdquo ), a long-term shareholder of M1, has tendered its entire 28.6%2 stake in acceptance of the Offer. Keppel Corporation and SPH wish to acknowledge Axiata&rsquo s strong partnership, support and valuable contributions to M1 over the years, and express gratitude for Axiata&rsquo s support of this Offer. A significant milestone for Keppel Group, SPH Group and the future of M1
The Offeror and its concert parties obtaining majority control of M1 is the first step in the multi-year transformational journey that M1 will embark on to enhance its competitiveness in the telecommunications landscape. Mr Loh Chin Hua, CEO of Keppel Corporation, said, &ldquo We are very pleased that we will, together with SPH, be in a position to steer M1 during this critical period in its journey. The increasingly challenging and competitive market conditions in the Singapore telecommunications sector requires M1 to take bold steps to transform. Keppel is one of the founding shareholders of M1 and continues to see long-term value in the company. We will work with M1&rsquo s management to develop and implement new strategic and operational plans to sharpen its competitive edge, increase its momentum in digital transformation and undertake growth initiatives. &ldquo Moreover, M1, as a connectivity platform, complements Keppel&rsquo s mission to provide solutions for sustainable urbanisation. We will strengthen collaboration and harness synergies between M1 and the Keppel Group. With Keppel growing its retail businesses in gas, electricity and urban logistics, bringing M1 into the mix will provide opportunities for us to cross-sell and offer more innovative and compelling products and services to the market.&rdquo
Mr Ng Yat Chung, CEO of SPH, said: &ldquo With control of M1, Keppel and SPH will be able to help M1 compete more effectively in the challenging telecommunications industry. We see opportunities to leverage on M1&rsquo s mobile platform to offer on demand and ready digital content to better serve our customers. This transaction is part of SPH&rsquo s ongoing objective to enhance long term value for our shareholders.&rdquo
Offer has been extended to 4 March 2019, giving shareholders an additional 14 days to consider the Offer.
As at 5.00 p.m. (Singapore time) on 15 February 2019, the Offeror, has received valid acceptances that result in the Offeror and its concert parties holding 75.5% of the maximum potential issued share capital1 of M1. With all the conditions of the Offer having now been satisfied, the Offer has become unconditional in all respects. Accordingly, the closing date of the Offer is extended from 5.30 p.m. (Singapore time) on 18 February 2019 to 5.30 p.m. (Singapore time) on 4 March 2019.
http://infopub.sgx.com/FileOpen/1.%20Keppel%20Corporation%20in%20collaboration%20with%20Singapore%20Press%20Holdings%20obtains%20majority%20control%20of%20M1.ashx?App=Announcement& FileID=543819
For those of us who are still holding on to M1, what's the play now? Accept the offer? Or continue holding on?
I've heard rumours that Keppel/SPH have some interesting plans in place that they will announce after all this is over.
Anyway, should be a positive move that Malaysia s Axiata lose its controlling stake in a major telecom company in Singapore. Not sure if KCL/SPH is doing National Service, but surely our G will welcome this move.
Remember, many years ago when Temasek made a controlling bid on Thaksin s Telecom company (I think its Shin) and it ended up Thais being extremely unhappy and emotional? I saw footages of them burning the Singapore flag and placards that says (Thailand is not for sale)
Also, I personally feel that M1 is better off without Axiata as the controlling stakeholder. Surely KCL/SPH will bring M1 further.
As for share price, my humble opinion tells me it will dip initially before gradually picking up again. But for how long?
Remember, many years ago when Temasek made a controlling bid on Thaksin s Telecom company (I think its Shin) and it ended up Thais being extremely unhappy and emotional? I saw footages of them burning the Singapore flag and placards that says (Thailand is not for sale)
Also, I personally feel that M1 is better off without Axiata as the controlling stakeholder. Surely KCL/SPH will bring M1 further.
As for share price, my humble opinion tells me it will dip initially before gradually picking up again. But for how long?
Wind22i ( Date: 15-Feb-2019 23:18) Posted:
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Axiata is seems like a loser...lol..
But they need the cash...
But they need the cash...
"It is actually not an easy decision for us. We like our investment in M1 and believe in its long-term future," Jamaludin Ibrahim, Group CEO of Axiata, said in a statement. "At the same time, we need to undertake a major reprioritisation and make better use of our capital," Ibrahim said.
Axiata said it also preferred not to be a minority investor in a potentially private company.
Read more at https://www.channelnewsasia.com/news/business/malaysia-s-axiata-accepts-offer-for-singapore-mobile-operator-m1-11247900
Just saw the SGX report. Offer DECLARED UNCONDITIONAL.
https://links.sgx.com/FileOpen/OFFER%20DECLARED%20UNCONDITIONAL%20IN%20ALL%20RESPECTS%20AND%20EXTENSION%20OF%20CLOSING%20DATE.ashx?App=Announcement& FileID=543812
https://links.sgx.com/FileOpen/OFFER%20DECLARED%20UNCONDITIONAL%20IN%20ALL%20RESPECTS%20AND%20EXTENSION%20OF%20CLOSING%20DATE.ashx?App=Announcement& FileID=543812
gopguppy ( Date: 15-Feb-2019 22:37) Posted:
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Game over. Axiata left the scene with a whimper after making so much noise when the VGO was made. What a disappointment!
The VGO will definitely become unconditional on 18th Feb. Question is whether will it be privatised?
The VGO will definitely become unconditional on 18th Feb. Question is whether will it be privatised?
bullrun6088 ( Date: 15-Feb-2019 20:10) Posted:
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Expected
Starship ( Date: 15-Feb-2019 19:45) Posted:
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Interesting development. Even with this M1 to remain listed is still possible.
Starship ( Date: 15-Feb-2019 19:45) Posted:
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Wow, sudden death...........
KUALA LUMPUR/SINGAPORE, Feb 15 (Reuters) - Malaysia's Axiata Group the largest shareholder in Singapore mobile operator M1 Ltd has accepted a bid from Singapore investors that valued M1 at S$1.9 billion ($1.4 billion).
In a statement late on Friday, the telecoms group said it would book an estimated gain of 126.5 million ringgit ($31 million) after selling its 28.7 percent stake in M1 for about 1.65 billion ringgit.
Last year, Singapore conglomerate Keppel Corp and Singapore Press Holdings launched an offer to gain majority control of M1. They offered S$2.06 for each M1 share, aiming to restructure it to better compete with sector rivals.
Yeah agree. Investors are kept in the dark. Why share the % tendered which was more than 3 weeks ago? Since then why KC/SPH are so silent?
In previous such case, e.g. Olam, there were daily updates on % tendered so investors were able to make an informed decision.
SGX is really not doing its job. Very disappointed.
In previous such case, e.g. Olam, there were daily updates on % tendered so investors were able to make an informed decision.
SGX is really not doing its job. Very disappointed.
bullrun6088 ( Date: 15-Feb-2019 16:55) Posted:
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So far there is no announcement by Keppel how many % has tendered there shares. Without this info how can retail investors make a decision? Why is this information withheld by keppel? Why it had announced the change in their holdings in 21 Jan but subsequently keep silent? Talking about SGX protecting the interest of retail investors more like fleecing.
gopguppy ( Date: 15-Feb-2019 12:47) Posted:
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today StarHub' s sharp drop provide a very good opportunity for the 2 crocodile / shark to achive the 50% goal 
that why i said small flies cant challange them at all
if cannot beat them follow them
if against them they can just throw down the price to 1.50 till everyone panic and sell off then they pick durian at 40% discount
if cannot beat them follow them
if against them they can just throw down the price to 1.50 till everyone panic and sell off then they pick durian at 40% discount
Starship ( Date: 15-Feb-2019 14:25) Posted:
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