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Keppel Corporation Limited ( (SG:BN4) ) just unveiled an announcement.
Keppel Ltd. has terminated its proposed divestment of Singapore mobile operator M1 Limited after a key regulatory condition, securing approval from the Infocomm Media Development Authority, was not met by the extended long-stop date. The share purchase agreement has lapsed, and while the deal’s collapse is not expected to have an immediate material financial impact, Keppel said it will continue to monitor and report any implications for its financials as part of regular disclosures.
The most recent analyst rating on (SG:BN4) stock is a Buy with a S$13.23 price target. To see the full list of analyst forecasts on Keppel Corporation Limited stock, see the SG:BN4 Stock Forecast page.
More about Keppel Corporation Limited
Keppel Ltd. is a Singapore-based conglomerate with diversified interests spanning infrastructure, real estate, and connectivity-related businesses, including telecommunications assets such as M1 Limited. The group focuses on delivering sustainable urbanisation solutions and digital connectivity in its home market and across key global cities.
Average Trading Volume: 5,293,616
Technical Sentiment Signal: Buy
Current Market Cap: S$18.08B
For a thorough assessment of BN4 stock, go to TipRanks’ Stock Analysis page.