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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

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 temporary confusion during the second trading session - before the outcome of the EGM was known - when MAS fell inexplicably to a low of 18.5 sen, but quickly recovered to close at 26.5 sen, half a sen off the 27 sen buyout offer...

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