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The latest announcement is out from Keppel Corporation Limited ( (SG:BN4) ).
Keppel Corporation’s indirect subsidiary, M1 Limited, is involved in legal proceedings initiated by Liberty Wireless Pte. Ltd. in the High Court of Singapore. The dispute centers around a 2019 contract related to mobile virtual network arrangements, with Liberty Wireless alleging M1’s refusal to negotiate contract amendments following regulatory changes. Despite these proceedings, Keppel has announced a sale agreement for M1’s entire share capital to Simba Telecom, with expectations that the legal issues will not delay the transaction’s completion.
The most recent analyst rating on (SG:BN4) stock is a Buy with a S$12.50 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 Corporation Limited is a Singapore-based conglomerate with diverse operations in various sectors, including offshore and marine, property, infrastructure, and telecommunications. The company is known for its integrated approach to providing solutions across its industries, focusing on sustainable urbanization and connectivity.
Average Trading Volume: 4,370,038
Technical Sentiment Signal: Buy
Current Market Cap: S$16.05B
For detailed information about BN4 stock, go to TipRanks’ Stock Analysis page.