Tiger Airways appoints Maybank Kim Eng as adviser for SIA's share offer

Mindy Tan

Published Thu, Nov 12, 2015 · 03:57 AM

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.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes