ING Barings to give Krishnan fairness opinion

A major M&A deal in Malaysia will seek the blessing of a foreign investment bank to ensure transparency.
In a move designed to reflect Malaysia Incs drive to promote confidence in its corporate governance standards, ING Barings has been appointed as the independent financial advisor for Tan Sri Ananda Krishnans latest MA foray.

To make simple what is a convoluted process, it should be explained that Krishnan is seeking a backdoor listing for his satellite business and is using listed Malaysian Tobacco as the chosen vehicle.

Malaysian Tobacco has faced the threat of delisting ever since it sold its tobacco business to BAT. The Kuala Lumpur Stock Exchange told the company it had to buy a cash-generating asset or else be delisted. At present, Malaysian Tobacco is a...

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