Axiata shares rise on M1 takeover offer by SPH, Keppel


The Kuala Lumpur-based company has been speaking to potential advisers to explore a domestic listing of Edotco Group Sdn Bhd that could take place as soon as this year, according to the people.

KUALA LUMPUR: Shares of Axiata Group Bhd continued to gain traction on news that it is open to considering any offer for its stake in Singapore wireless operator M1 Ltd.

The telco rose 1.9%, or nine sen to RM4.84 in early trade Thursday with over 1.8 million shares done.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Axiata

   

Next In Business News

Etiquette at an open house
Trump’s presidency a boon
Elevating outdoor oases
GDA stands firm on RM11 offer for MAHB despite directors' rejection
Ringgit expected to trade within narrow range next week amid holiday calm
Oil steady as markets weigh Fed rate-cut expectations
The beauty of Hygr’s formula
Top Glove bullish on outlook amid steady order inflows
US market - prudence is golden
Book speaks volumes about Penang food

Others Also Read