Kenanga Investment Research thinks China Mobile's attempt to acquire a 20% stake in Axiata Group has only a ”slim” chance of success.
KUALA LUMPUR: Kenanga Investment Research believe the chance for China Mobile, the world’s largest mobile operator by number of users, buying a 20% stake in Axiata Group as ”slim”.
“We believe the chances of the above-mentioned deal happening is slim given that there are no immediate synergies at this juncture.
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