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MAS minorities give their nod to proposed privatisation

They showed displeasure with the management, but were pragmatic about the rescue job ahead

Not all MAS minority shareholders were looking at losses. Those who had picked up shares recently at under 20 sen were delighted at their profit.

Kuala Lumpur

MINORITY shareholders of Malaysia Airlines (MAS) yesterday assented to the proposed privatisation of the floundering carrier, paving the way for its delisting and revamp.

Although expected, the extraordinary general meeting (EGM) was not without drama.

There was