Keppel's M1 Completes Majority Stake Acquisition in Vietnamese Firm; Shares Climb 4%

MT Newswires

2025/04/24

Keppel (SGX:BN4) unit M1 Ltd. completed the acquisition of shares in Vietnam-based ADG National Investment and Technology Development on Wednesday, according to a same-day filing with the Singapore Exchange.

In October 2024, M1 Ltd., via its subsidiary AP Tech Holding, had agreed to acquire a 70% stake in ADG National Investment for a maximum aggregate consideration of about 719.9 billion Vietnamese dong.

ADG's principal activities involve the distribution of information and communication technology in Singapore.

Keppel shares were up over 4% in recent trading.

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