Turbulence in MAHB sale

THE privatisation of Malaysia Airports Holdings Bhd (MAHB) had seemed a foregone conclusion for many in corporate Malaysia ‑ until a gripping twist in the tale late last week.

Non-independent directors of the group called on shareholders to reject the share purchase offer by Gateway Development Alliance (GDA). It’s a suggestion that flies in the face of the recommendation by independent valuer Hong Leong Investment Bank Bhd (HLIB).