Singtel Announces Major Corporate Restructuring

Singtel (SG:Z74) has released an update.

Singtel has announced a strategic restructuring where its associated company Intouch Holdings will amalgamate with Gulf Energy Development to form a new entity, which will be listed on the Stock Exchange of Thailand. In conjunction with this amalgamation, there will also be a conditional voluntary tender offer for all shares of Advanced Info Service Public Company Limited, with Singtel’s subsidiary SSI participating as a joint offeror.

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