Khazanah to take MAS private by year-end

Malaysia’s state investment fund Khazanah Nasional Bhd, plans to take the troubled and unprofitable national carrier – Malaysian Airlines – private by the year end; and will suspend the airline’s shares from trading in the Kuala Lumpur stock exchange from December 15.

The airline made this announcement, in a filing with Kuala Lumpur’s stock exchange last week.

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