What occurred?
Keppel’s proposed sale of M1 to Simba has fallen by. Keppel had beforehand introduced the sale of M1 to Simba for S$1.43 billion. We had earlier highlighted Keppel one of many best-performing Singapore blue chip shares in February and likewise one of many blue chips which raised dividends in 2025, supported by lively capital recycling efforts, with the M1 divestment forming a part of that technique. Nevertheless, on 18 Might, the Infocomm Media Improvement Authority (IMDA) suspended its evaluate of the deal whereas investigating whether or not Simba had used radio frequencies it was not authorised to make use of. Since IMDA approval was a situation for the sale, Keppel allowed the settlement to lapse on its long-stop date of 21 Might. Keppel shares fell as a lot as 9.5% intraday on 18 Might earlier than closing 2.1% decrease at S$10.38, and since rebounded 10.2% to S$11.10 on 25 Might, from its low of S$10.07 on…
