markis10
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UPDATED: MALAYSIA’S state investment company says it wants to remove struggling Malaysia Airlines from the stock exchange, making it fully state-owned before a far-reaching overhaul of its business.
Khazanah Nasional, which owns a majority stake in the carrier, says Friday it plans to buy out minority shareholders at a premium to the airline’s recent share price.
The deeply troubled carrier earlier suspended trading in its shares amid expectations of a corporate restructuring following the twin disasters of MH370 and MH17.
In a statement filed with the Kuala Lumpur stock exchange, the flag carrier said it suspended trading at the request of majority shareholder Khazanah Nasional “pending a proposal from Khazanah in relation to a material corporate exercise involving the company”.
Malaysia Airlines suspends share trading ahead of announcement | News.com.au
Khazanah Nasional, which owns a majority stake in the carrier, says Friday it plans to buy out minority shareholders at a premium to the airline’s recent share price.
The deeply troubled carrier earlier suspended trading in its shares amid expectations of a corporate restructuring following the twin disasters of MH370 and MH17.
In a statement filed with the Kuala Lumpur stock exchange, the flag carrier said it suspended trading at the request of majority shareholder Khazanah Nasional “pending a proposal from Khazanah in relation to a material corporate exercise involving the company”.
Malaysia Airlines suspends share trading ahead of announcement | News.com.au
