Axiata shares rise on M1 takeover offer by SPH, Keppel

The Kuala Lumpur-based company has been speaking to potential advisers to explore a domestic listing of Edotco Group Sdn Bhd that could take place as soon as this year, according to the people.

KUALA LUMPUR: Shares of Axiata Group Bhd continued to gain traction on news that it is open to considering any offer for its stake in Singapore wireless operator M1 Ltd.

The telco rose 1.9%, or nine sen to RM4.84 in early trade Thursday with over 1.8 million shares done.