Malaysian govt to shell out $435 mn to de-list Malaysia Airlines
The move to de-list Malaysia Airlines from the Malaysian stock exchange is due to the airline's unfavourable financial performance, having recorded a net loss for the past three years.<br />
Kuala Lumpur: Malaysian Airline System Bhd (MAS) said on Friday that state investor Khazanah Nasional will offer 27 sen for each share in the company it does not own, amounting to nearly 1.4 billion ringgit ($435 million) to take the troubled airline private.
Khazanah, which owns 69.37 percent of MAS, will undertake a comprehensive review and restructuring of the airline, which has suffered two jetliner disasters this year, MAS said in a statement after announcing the suspension of its shares.
The move to de-list MAS from the Malaysian stock exchange is due to the airline's unfavourable financial performance, having recorded a net loss for the past three years, it said.
Private ownership will allow room for Khazanah to introduce an appropriate capital structure for MAS to meet its "substantial funding requirements" in the next few years, and to sustain operations amid a high level of debt, the statement said.
Russian feminist artist put on trial on charges of disseminating pornography; rights groups declare her a political prisoner
Yulia Tsvetkova ran a children’s theater and was a vocal advocate of feminism and LGBT rights.
Russian foreign minister Sergey Lavrov added that Russia was ready for the transfer of cutting edge technologies and 'additional manufacturing' of weapons systems to India
The Lake Baikal telescope in Siberia is one of many efforts to hunt for neutrinos in the world’s most remote places.