SGX Stocks and Warrants

Author: kimeng   |   Latest post: Fri, 22 Feb 2019, 10:02 AM


M1 Ltd: Extension of Closing Date

Author:   |    Publish date:

Konnectivity Pte. Ltd. (Offeror) has just announced that it does not intend to increase the current offer price of S$2.06/share under any circumstances. Importantly, this means that the Offeror will not be allowed to subsequently increase the offer price.

As of 5pm on 21 Jan 19, the Offeror has received valid acceptances of ~1.05% of total number of M1 shares, bringing its stake (together with those of concert parties and valid acceptances) to 34.35%.

The Offeror has also extended the closing date of the offer from 4 Feb to 18 Feb (5.30pm).

This announcement comes on the heels of the advice of the Independent Financial Adviser to the recommending directors to recommend that shareholders accept the offer, unless a higher price can be obtained on the open market (taking into account commissions and transaction costs).

Recommending directors have also stated that they are of the same opinion.

We continue to maintain our ACCEPT THE OFFER rating on M1.

Source: OCBC Research - 22 Jan 2019

Share this
Labels: M1

Related Stocks

Chart Stock Name Last Change Volume 
M1 2.05 -0.01 (0.49%) 409,800 

  Be the first to like this.


194  118  193  596 

Top 10 Active Counters
 Nikko AM STI ETF 3.34-0.02 
 LION-PHILLIP .. 1.038+0.004 
 HSI28000MBeCW.. 0.129+0.01 
 HSI26000MBePW.. 0.074-0.009 
 HSI27000MBePW.. 0.064-0.011 
 STI ETF 3.27-0.006 
 HSI26400MBePW.. 0.056-0.007 
 UETF SSE50China 2.11+0.02 
 Genting Sing 1.07-0.04 
 XT MSRussia US$ 2.742-0.024 


1. UOB: Special Dividend SGX Stocks and Warrants
2. Genting Singapore: Strong Set of Results SGX Stocks and Warrants
3. Wilmar: 4Q Impacted by Impairments SGX Stocks and Warrants
4. City Developments Limited: Learning to Dance in the Rain SGX Stocks and Warrants
5. ST Engineering: Strong Underlying Operating Performance SGX Stocks and Warrants
Partners & Brokers