Business News

Published: Thursday July 3, 2014 MYT 7:46:00 PM
Updated: Thursday July 3, 2014 MYT 7:48:20 PM

Khazanah, govt to decide on privatisation, says MAS

KUALA LUMPUR: Malaysia Airlines (MAS) says it is up to its major shareholder and the government to decide if it should be taken private.

However, it said on Thursday: "As of now, the company is not aware of any decision that has been made by both of them on this matter"

MAS was responding to a report that "MAS may be taken private for restructuring".

At Bursa Malaysia on Thursday, MAS closed two sen higher to 23 sen and it was the most active with 194.19 million shares done.

The news report stated that at Wednesday's closing price of 21 sen per share, Khazanah would only need to pay RM1.05bil for the 30.6% of the shares it does not already own.

Tags / Keywords: Airlines, Corporate News, Markets

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