8 stories mentioning SGX:Z74
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Singtel (SGX:Z74) issued 27.9 million shares worth SG$131.6 million upon vesting of the share awards pursuant to its performance share plan, according to a Tuesday filing with the Singapore Exchange.Following the transfer, the telecommunications company now holds 14.6 million treasury shares.
Singtel (SGX:Z74) bought back and canceled about 4.8 million shares worth SG$20.8 million in the open market on Tuesday, according to a same-day filing with the Singapore Exchange.To date, the telecommunications services provider has bought back around 134.4 million shares from its existing buyback mandate.
Singtel (SGX:Z74) subsidiary, Singtel Group Treasury, signed a three-year SG$1.5 billion committed revolving credit facility with 11 banks, according to a Friday bourse filing.The facility is guaranteed by the telecommunications company and will be used for general corporate purposes.
Australian telecommunication company Tuas (ASX:TUA) terminated its plan to acquire Keppel's stake in Singaporean digital network operator M1 for SG$1.43 billion, according to a Friday release.The 2025 deal, made through Tuas' Singapore-based unit Simba Telecom, collapsed after several conditions were not met on the long-stop date of May 21, the release said.The development came days after Singapore's Infocomm Media Development Authority (IMDA) suspended its review of the planned acquisition after finding out that Simba may be using unauthorized radio frequency bands for mobile services.Keppel had previously said it has been working on plan B in case it retains its 83.9% ownership in M1."We have a 90-day plan to drive M1's efficiency, which we will activate with immediate effect. This would include reducing technology platform costs and network costs, using AI for automation, as well as product rationalization," the global asset manager said on May 18.With Tuas exiting the acquisition race, telecom operator StarHub (SGX:CC3) is likely to become a suitor for M1, while Singtel (SGX:Z74) may face more regulatory troubles in its potential bid for M1 due to its leading 44% share in the mobile market, Bloomberg News reported, citing its analyst Chris Muckensturm.Singtel's executive officer, Yuen Kuan Moon, said they "would definitely evaluate where the opportunities are" if they are able to be included in the consolidation, the report said.
Singapore shares closed Thursday's session little changed, as investors turned cautious while awaiting a breakthrough in the Middle East conflict.The Straits Times Index ranged between 5,028.90 and 5,073.11 throughout the day. It ended the session marginally higher at 5,045.71.On the corporate front, shares of Wilton Resources (SGX:5F7) closed nearly 8% lower as it entered into a deed of settlement with Karl Hoffmann Mineral to resolve their financial disputes.Singtel (SGX:Z74) closed 6% lower after the telco reported a decline in its attributable profit to SG$2.20 billion in the fiscal second half ended March 31 from SG$2.79 billion a year earlier.Meanwhile, Raffles Education (SGX:NR7) gained 1% after the High Court of Singapore issued a first-tranche ruling in favor of its subsidiary, Raffles Assets (Singapore), in a lawsuit filed by NPS International School.
Singtel (SGX:Z74) is considering selling a minority stake in its Australian subsidiary, Optus, according to a Thursday filing with the Singapore Exchange.The Singaporean telecom company is working with potential Australian partners to strengthen Optus' role as a critical services provider in the region, it said.Shares of Singtel were down nearly 4% in recent trade.
Singtel's (SGX:Z74) attributable profit to shareholders fell during the fiscal second half ended March 31 to SG$2.20 billion from SG$2.79 billion a year earlier, according to a Thursday filing with the Singapore Exchange.Earnings per share came in at SG$0.1319 compared with SG$0.1656 in the year-ago period.Operating revenue rose year over year to SG$7.35 billion from SG$7.15 billion.The directors proposed a final dividend of SG$0.103 per share for the year ended March 31, taking the total dividend to SG$0.134 per share.Shares of the telecommunications services provider were down nearly 4% in Thursday trading.
Singtel (SGX:Z74) bought back and canceled 8.2 million shares in the open market on Monday for SG$39.4 million, according to a same-day filing with the Singapore Exchange.To date, the telecommunications services provider has bought back nearly 87.1 million shares from its existing buyback mandate.