What happened?
Keppel’s proposed sale of M1 to Simba has failed. Keppel previously announced Sale of M1 to Simba for S$1.43 billion. We previously highlighted one of Keppel’s The best performing Singapore blue chip stocks in February Even more One of the blue chips that increased dividends in 2025M1 divestment is part of that strategy, supported by active capital recycling efforts. However, on May 18, the Infocom Media Development Authority (IMDA) suspended its review of the deal while investigating whether Simba used radio frequencies it was not authorized to use. Since IMDA approval was a condition for the sale, Keppel allowed the agreement to expire at the long-term closing date of May 21. Keppel shares fell as much as 9.5% intraday on 18 May, before falling 2.1% to close at S$10.38, and rose 10.2% to S$11.10 from a low of S$10.07 on 25 May…
