Trading of MAHB’s shares was suspended yesterday in preparation for the delisting.
KUALA LUMPUR: Malaysia Airports Holdings Bhd
(MAHB) is scheduled to be delisted from Bursa Malaysia on Feb 25, 2025.
Trading of MAHB’s shares was suspended yesterday in preparation for the delisting, following the completion of the Gateway Development Alliance consortium’s offer to privatise MAHB.
On Feb 12, GDA, a consortium comprising Khazanah Nasional Bhd, the Employees Provident Fund, the Abu Dhabi Investment Authority and BlackRock’s Global Infrastructure Partners, acquired 1.64 billion MAHB shares or 98.68% of MAHB’s total issued shares as at 5pm the same day.
The consortium applied for MAHB’s delisting from Bursa Malaysia the following day and subsequently proposed to compulsorily acquire all of the MAHB shares at RM11 apiece from dissenting shareholders, invoking the provisions of Section 222 of the Capital Markets and Services Act 2007. — Bernama
