Did PMX have anything to do with this Sime Darby TPG-Backed Columbia sale?

TPG Asia CEO, Ganen Sarvananthan, is a Malaysian Indian who was formerly Khazanah head of investment.

Ganen joined Khazanah in 2004 from UBS Investment Bank, Hong Kong, where he was the director of equity capital markets, having previously served UBS’ investment banking/corporate finance departments in London and Singapore. Ganen is a barrister-at-law (Lincoln’s Inn, London), having graduated with LLB (Hons) from University College London. He was a recipient of the British Chevening, HRH Sultan Azlan Shah and Asean scholarships.

Question:

Sime Darby is selling their health care business to Columbia Group, a non-bumi entity. Earlier on, Boustead’s plan to sell their plantation business to another non-bumi entity, KLK, had to be called off when bumi politicians made a lot of noise. Why no noise when Sime Darby is selling their assets to Columbia Group, which is not even a Malaysian company?

Saya tanya aja......

ANSWER: