KUALA LUMPUR -- An independent advisor says Comintel's proposed divestiture of its EMS unit, BCM Electronics is fair and reasonable, and not detrimental to the interest of non-interested shareholders.

KAF Investment Bank is recommending shareholders approve the proposed sale to a company partly owned by executive director Loh Hock Chiang.

Under the deal, Comintel would sell BCM to Aurelius Holdings for RM123.8 million ($31 million), a move the firm said would allow it to focus on its core business of green waste management and would unlock unrealized value in the EMS unit.

Submit to FacebookSubmit to Google PlusSubmit to TwitterSubmit to LinkedInPrint Article