Malaysia Airlines (MAS) said Friday that state fund Khazanah has
offered 27 sen a share, amounting to 1.4 billion ringgit ($435 million),
to take the beleaguered airline private.
The offer is at a premium to the airline's closing price of 24 sen per share on Thursday. Shares were halted on Friday pending the announcement.
The carrier will request for a delisting due to "deteriorating financial performance" and Khazanah, which owns 69 percent of MAS, will undertake a comprehensive review and restructuring of the airline, MAS said...
The offer is at a premium to the airline's closing price of 24 sen per share on Thursday. Shares were halted on Friday pending the announcement.
The carrier will request for a delisting due to "deteriorating financial performance" and Khazanah, which owns 69 percent of MAS, will undertake a comprehensive review and restructuring of the airline, MAS said...
No comments:
Post a Comment