Keppel’s M1 deal has fallen through. We look at what it means for dividends, asset sales and key watch points for investors. What happened? Keppel's proposed sale of M1 to Simba has fallen through. Keppel had previously announced the sale of M1 to Simba for S$1.43 billion. We had earlier highlighted Keppel one of the best-performing Singapore blue chip stocks in February and also one of the blue chips which raised dividends in 2025, supported by active capital recycling efforts, with the M1 divestment forming part of that strategy. However, on 18 May, the Infocomm Media Development Authority (IMDA) suspended its review of the deal while investigating whether Simba had used radio frequencies it was not authorised to use. Since IMDA approval was a condition for the sale, Keppel allowed the agreement to lapse on its long-stop date of 21 May. Keppel shares fell as much as 9.5% intraday on 18 May before closing 2.1% lower at S$10.38, and since...