Malaysia Airline System Bhd (MAS) said today Khazanah Nasional will offer 27 sen for each share in the company it does not own, amounting to nearly 1.4 billion ringgit to take the troubled airline private. According to Reuters, Khazanah, which owns 69.37 percent of MAS, will undertake a comprehensive review and restructuring of the airline, which has suffered two jetliner disasters this year, MAS said in a statement after announcing the suspension of its shares. The move to delist MAS from the Malaysian stock exchange is due to the airlines unfavourable financial performance, having recorded a net loss for the past three years, it said. Read more here: malaysiakini/news/270950
Posted on: Fri, 08 Aug 2014 05:29:12 +0000
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