Shanxi Meijin Energy Co.,Ltd. (SZSE:000723) and China Broadband, Ltd. have separately submitted first-round offers, said the people, who asked not to be identified because the discussions are confidential. Bahrain Telecommunications Company BSC (BAX:BATELCO) and private equity funds have also made non-binding bids, the people said. M1 Limited's largest owners Axiata Group Berhad (KLSE:AXIATA), Keppel Telecommunications & Transportation Ltd (SGX:K11) and Singapore Press Holdings Limited (SGX:T39) appointed Morgan Stanley to help explore options including a sale of the telecom operator, according to March filings.