Malaysia Airlines makes trading exit as it heads for another transformation
Challenge will be to keep vested interests at bay from revamp plan
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Kuala Lumpur
TODAY marks the last trading day for Malaysia Airlines (MAS) on the Kuala Lumpur Stock Exchange and the beginning of a countdown to 2018-2019 when a profitable and competitive incarnation of the national carrier is expected to be (re) listed.
MAS shares will be suspended with effect from 9am on Dec 15, and continue to be suspended until its removal from the official list. Under a selective capital reduction and repayment exercise by Khazanah National, minority shareholders will be paid RM1.4 billion (S$636 million) or 27 sen a share so that the floundering airline can be taken private and delisted.
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