M1 Sale Formally Terminates After IMDA Probe
Keppel Ltd (SGX: BN4) has let its S$1.43 billion cash deal to sell M1’s telecom operations to Simba Telecom lapse. Following the passing of the May 21 long-stop date, Simba’s parent company, Australia-listed Tuas Limited (ASX: TUA), announced on the ASX that both parties have been formally released and discharged from their respective obligations under the sale and purchase agreement. The transaction collapsed after the Infocomm Media Development Authority (IMDA) suspended its regulatory review on 18 May 2026 to...It’s been a historic week on the SGX.
Singapore has officially dethroned Indonesia to become Southeast Asia’s largest stock market, with the STI hitting fresh highs.
But that’s not all that’s shaking up the local landscape.
From the dramatic, last-minute collapse of Keppel’s S$1.43 billion M1 deal, to a massive national AI refresh backed by tech giants OpenAI and Google, and the buzzworthy SGX debut of co-working pioneer JustCo – we have plenty to unpack.
