In a Bursa Malaysia filing yesterday, MAHB said it would book a gain of RM28.5mil from the disposal of GMIAL as the carrying value of the asset had been fully impaired in 2014.
PETALING JAYA: Malaysia Airports Holdings Bhd
(MAHB) has proposed to dispose of its subsidiary’s entire 23% interest in Maldives’ GMR Male International Airport Ltd (GMIAL), including its receivables and loans, for US$7.3mil (RM28.5mil) cash.
The deal marks MAHB’s exit from the controversial project.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
