KUALA LUMPUR: Trading in Malaysia Airlines (MAS) was suspended from 9am Friday pending a material announcement, which could be a restructuring to turn around the ailing national carrier.
A Bursa Malaysia Securities circular said the trading suspension was at the request of its major shareholder Khazanah Nasional Bhd.
The trading suspension is from 9am to 5pm pending for a proposal from Khazanah in relation to a material corporate exercise involving the company.
Reuters cited its report, quoting sources in July that Khazanah Nasional Bhd, which owns 69% of MAS, plans to take it private as the first step in a major restructuring.
The plan comes after one of the loss-making carrier's aircraft, MH370, disappeared on March 8. On July 17, MH17 was shot down over Ukraine. Hundreds of people were killed in both incidents.