Singtel (SG:Z74) has released an update.
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Intouch Holdings Public Company Limited has announced a significant restructuring plan following a Board of Directors meeting, which includes an amalgamation with Gulf Energy Development Public Company Limited and voluntary tender offers for all securities in Advanced Info Service Public Company Limited and Thaicom Public Company Limited. This proposal is set to be reviewed in the upcoming Extraordinary General Meeting of Shareholders. The restructuring transactions aim to reshape Intouch Holdings’ shareholding structure as part of its strategic business realignment.
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