M1 to delist on April 24

TELCO M1 on Monday said it will delist from the Singapore bourse with effect from 9am on April 24.

This comes after the completion of the acquisition by Konnectivity, a Keppel Corp-led joint venture with Singapore Press Holdings, which publishes The Business Times.

Konnectivity owns about 94.55 per cent of the telco after a voluntary unconditional general offer closed on March 18.

Earlier this month, Konnectivity also noted that it will buy all the remaining M1 shares it does not own at $2.06 each.

M1 shares last traded at S$2.05 on March 21.