As part of that process, we agreed that our banking syndicate would appoint their own advisers, who we expect to work alongside those appointed by the board
Koh Chee Tong, 30, faced four charges under the Computer Misuse and Cybersecurity Act, while another 20 charges were taken into consideration during his sentencing.
The State Council, or cabinet, had been awaiting approval on its plans to shift to a U.S.-style registration system for stock market floations.
Liu was a private equity associate at TPG Capital, which had ties to both of the deals, and maintains a personal relationship with at least one current TPG Capital employee.
As part of capital calculations, the OJK will require conglomerates to measure net equity as the total capital of the parent company and its units, minus the injection or fund placement from parent companies to the units.