Khazanah Nasional Berhad (“Khazanah”) welcomes the shareholders’ approval of the proposed selective capital reduction and repayment exercise (“Proposed SCR”) of Malaysian Airline System Berhad (“MAS”) at MAS’ Extraordinary General Meeting held today.
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 will become the sole ordinary shareholder of MAS. Thereafter, Khazanah will proceed with the delisting of MAS from the Main Market of Bursa Securities.
