Singtel (SG:Z74) has released an update.
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Singtel Strategic Investments Pte. Ltd., alongside major shareholders of Gulf Energy Development and Intouch Holdings, has announced a conditional voluntary tender offer for all shares of Advanced Info Services at THB 216.3 per share. The move is part of a broader restructuring transaction aimed at amalgamating Gulf and Intouch, with the goal of the newly formed company avoiding the need for a subsequent tender offer post-restructuring. Shareholders have been urged to review further details in the information memorandums already disclosed to the Stock Exchange of Thailand.
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