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Singapore Telecommunications Limited (Z74.SI)
- Simply Wall St.
Increases to CEO Compensation Might Be Put On Hold For Now at Singapore Telecommunications Limited (SGX:Z74)
Key Insights Singapore Telecommunications to hold its Annual General Meeting on 30th of July Total pay for CEO Kuan...
- Reuters SG
UPDATE 1-Thailand's Gulf Energy and telco Intouch Holdings to merge
Thailand's power producer Gulf Energy Development and Intouch Holdings, which controls the country's top mobile phone operator AIS, said on Tuesday they would merge to create a major digital and energy infrastructure player in Southeast Asia. The deal, expected to close by second quarter of 2025, will result in the dissolution of Intouch and Gulf and the formation of a new public limited company, with a registered capital of 14.94 billion baht ($414.77 million). Gulf already is the biggest shareholder of Intouch with a 47.37% stake, followed by Singapore Telecommunications (SingTel) , which owns 24.99%.
- Reuters SG
Deals of the day-Mergers and acquisitions
** Italian regional utility Dolomiti Energia said it would buy the 40% it does not already own in its unit Hydro Dolomiti Energia (HDE) from Australian investor Macquarie for 401.5 million euros. ** Brazilian utility giant Eletrobras has filed for a secondary sale of up to 130 million preferred shares it owns in power transmission firm Isa Cteep, it said in a securities filing. ** Qingdao Port International said it agreed to purchase assets from Rizhao Port and Yantai Port for 9.44 billion yuan ($1.30 billion) as part of its restructuring efforts.
