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TIGER Airways has appointed Maybank Kim Eng Securities as its independent financial adviser for the general offer that Singapore Airlines (SIA) has made for the budget carrier.
SIA earlier this month made a general offer for shares it doesn't already own in Tiger at 41 Singapore cents per share. The deal values Tiger at about S$1.02 billion, and SIA plans to invest up to some S$470 million, drawing from its S$4.8 billion cash pile.