One last bet for MAS punters
Ahead of Thursday's EGM, stock closes at one sen less than Khazanah's 27 sen offer
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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.
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