Both Keppel Corp. and Singapore Press Holdings, or SPH, requested trading halts on their shares before the market open on Thursday, pending the release of an announcement.
Keppel Corp. said on Monday that it was “concurrently” considering deals involving its stakes in Singapore telco M1 and Keppel Telecommunications & Transportation, both of which could lead to transactions in the shares. Keppel T&T, which is 79 percent owned by Keppel, owns a 19.2 percent of M1.
Singapore Press Holdings said on Monday that it was approached by Keppel to participate in a possible transaction involving its 13.45 percent stake in M1, which is held via wholly owned subsidiary SPH Multimedia.
Shares of M1 and Keppel T&T were both halted on Monday.