KUALA LUMPUR, Nov 6 (Bernama) — Khazanah Nasional Bhd welcomes the shareholders’ approval of the proposed selective capital reduction and repayment exercise (Proposed SCR) of Malaysian Airline System Bhd (MAS) at the company’s Extraordinary General Meeting held today.
In a statement, Khazanah said the Proposed SCR, targeted to be completed by December 2014, is a key milestone under the 12-point MAS Recovery Plan announced on August 29.
Upon completion, Khazanah would become the sole ordinary shareholder of MAS.
Thereafter, Khazanah would proceed with the delisting of MAS from the Main Market of Bursa Malaysia Securities.
— BERNAMA
