One last bet for MAS punters

Kuala Lumpur

PUNTERS could not resist one last bet on Malaysia Airlines (MAS) on Wednesday, ahead of an extraordinary general meeting on Thursday to vote on a proposal to privatise and delist the national carrier at a price that for long-term investors is rock bottom.

It was the most heavily traded counter with 300 million shares changing hands on Wednesday. After touching an intra-day high of 26.5 sen, MAS closed half a sen up (2 per cent) at 26 sen - just one sen shy of the 27 sen offered by Khazanah Nasional as part of a plan to restructure and rebuild the floundering airline.