JMHO. The government will kick in again and some one will take over. After that, the government will wash hand. Before that, cronies must recover their investment in MAS shares.
izoklse, according to your info and today event, bankruptcy is out. Privatization with additional funding from the country coffer is the next possibility. More like you help me, I help you.
oit what happen ? Russia Failed... USA Failed.....Netherland Failed .....But NAJIB Malaysian PM Manage to capture international tribute after broke a deal with Separatist in Eastern Ukraine.
Malaysia Premier Brokers Deal to Recover Black Boxes
By KEITH BRADSHER and CHRIS BUCKLEY July 21, 2014
KUALA LUMPUR, Malaysia — Prime Minister Najib Razak’s announcement that his government had reached an agreement with pro-Russian separatists in eastern Ukraine, for the transfer of the bodies and so-called black boxes from Flight 17 to Malaysian representatives there, apparently achieved what pressure from far more powerful nations had failed to accomplish.
Mr. Najib said in a live television broadcast to his nation early Tuesday that the agreement with Alexander Borodai, a commander of the separatist forces in Donetsk, Ukraine, called for the bodies to be taken by train to Kharkiv, a city held by the Ukrainian government. Six Malaysian representatives were to oversee the transfer of the bodies in Kharkiv to Dutch custody.
Under the agreement, the bodies and the Malaysian representatives would then be flown in a Dutch C-130 Hercules transport plane to the Netherlands for identification and repatriation of remains, Mr. Najib said.
The two black boxes from the plane – which are actually orange —were to be handed over to Malaysian representatives in Donetsk, the eastern Ukraine city that is the headquarters of the pro-Moscow separatists.
Interactive Feature | Victims of Malaysia Airlines Flight 17 Among the 298 people aboard Malaysia Airlines Flight 17 were a renowned AIDS researcher, a Dutch senator and an Australian novelist.
If all participants honor the deal, it would be a diplomatic success for Malaysia. Mr. Najib said that at times over the past few days he had wanted to be more outspoken about events in Ukraine, “but sometimes, we must work quietly in the service of a better outcome.”
The agreement is the result of an unusual spate of diplomacy by Mr. Najib, who held a series of secret telephone calls with Mr. Borodai. A person with a detailed knowledge of the negotiations said that Mr. Borodai concluded that he would only release the bodies and black boxes to Malaysia, although Malaysia would then transfer the bodies to the Netherlands and make the black boxes available for an international investigation.
The backdrop for the negotiations was a slowly growing criticism within Malaysia, including by some in the political opposition, that Mr. Najib did not appear to be more publicly critical of the separatists or Russia.
The agreement with the separatists followed four days of sometimes frenetic diplomacy in which a series of senior Malaysian officials —- including the country’s foreign minister and transport minister —- rushed to Kiev, Moscow and Amsterdam to broker a deal.
Graphic | Maps of the Crash of Malaysia Airlines Flight 17 A Malaysia Airlines flight with nearly 300 people aboard crashed in eastern Ukraine near the Russian border on Thursday.
Malaysia, and particularly Mr. Najib, have played an outsize role in diplomatic agreements in Southeast Asia in recent years, and tried to apply those skills to dealing with the separatists. Mr. Najib brokered the peace agreement early this year between the Philippines government and a long-running insurgency in the south of the country, and he played an earlier role in helping persuade the military government in Myanmar to begin the evolution there toward a democratically elected government.
Malaysia has an enormous stake in resolving the problems that have impeded a prompt investigation of the crash and the quick recovery of the 298 victims, who are exposed to abuse and tampering.
The downed jet belonged to the Malaysian national carrier, and those who died included 43 Malaysian citizens, 15 of them crew members. As well, Malaysia was already struggling with the unexplained loss of Malaysia Airlines Flight 370, still missing more than four months after it disappeared after turning from its planned course. Investigators have concluded that Flight 370 ended in the southern Indian Ocean off the western coast of Australia, but the confusion and missteps that plagued the first days of the search left an enduring blemish on the Malaysian government.
A big question, which was not immediately clear, was why the Ukrainian separatists chose to deal with the Malaysians at a time when the separatists were under pressure by many countries to release the bodies and surrender the black boxes.
Interactive Feature | What Happened to Malaysia Airlines Flight 17 An updated summary of what is known and not known about the crash.
TheStar Business NewsHome > Business > Business News
Published: Tuesday July 22, 2014 MYT 6:18:00 PM Updated: Tuesday July 22, 2014 MYT 6:22:55 PM Malaysia Airlines in focus on restructuring hopes
BY JOSEPH CHIN
KUALA LUMPUR: Malaysia Airlines (MAS) was in focus, with the shares rising to a high of 23 sen in very active trade on Tuesday, as market speculated it would present its restructuring plan this week.
At 5pm, the FBM KLCI was up 2.72 points to 1,871.36. Turnover was 2.56 billion shares valued at RM2.07bil. There were 471 gainers, 383 losers and 320 counters unchanged.
MAS added three sen to 23 sen - the highest since July 16 -- with 291.61 million shares done.
Bloomberg reported MAS could present its turnaround plan this week to its major shareholder Khazanah Nasional after its shares were recently hammered after its flight MH17 was shot down in Ukraine. Khazanah owns 69.4% of MAS.
The mh17 shot down was not MAS's fault. Our national airline should not be penalized by mass sell down. I think in times like this, as Malaysians we should be supportive. Hope the management can put forward a good plan to restructure and reinvent itself.
The same sources told Reuters this month that Khazanah, which has injected more than RM5 billion (US$1.58 billion) into Malaysian Airlines over the last 10 years, plans to take the carrier private as the first step.
Mas NTA is only 0.21 cts...So the offer price to be around 0.21-0.22...Dun forget MAS is a loss making company i dun think khazanah will offer handsome price for a great Loss making company...The most would offer is 0.23 i guess...
From my point of view, insiders just release the good news ytd, pump up high before closing. Massive sell today, then receive cash on Friday. Profits for raya.
What a pity...what a pityyy......What I have read, I see that some of you have no knowledge about shares investments. The easiest way and most common one is privatisation by way of take-over offers. Don't you know that Khazanah by being majority sharesholder;owning 69% stake of Mas shares,is already considered as been at the level above the trigger level whereby mandatory take-over offer can be made by Khazanah. So far, they have not done it i.e meaning, they have not mentioned it to expose their intention about the take-over offer thro Bursa. May be, they wanted to acquire to a level of 90% and more so that they could straight away make an announcement about the unconditional mandatory take-over offer. Meaning,those who still not sold their holdings of Mas shares at the stipulated times given in the announcement,would then become the sharesholders of unlisted MAS.( Delisted from Bursa )
@Ibnu: That's what I know also. But becoming a private shareholder is not such a bad thing if you are willing to hold your shares for 3-5 years in my opinion. Imagine how much the price is after MAS gets listed again :)
It will not be declared bankrupt. Surely the main benefactor will be Uncle Tony's AA and AAX. This will surely rub salt to the wound knowing the stand of our leaders as far as Uncle Tony is concerned. It will be an insult to Dr M who privatised it in the first place!!
someone already computed, 30% of mas issued shares (not owned by khazanah) is about rm2.5bil only... it was also highlighted, if firefly, terminal services, mas eng are listed, they could get back this amount or more... I think also, mas still own some shares of brahim, its catering provider, interesting :)
Dutch Govt gone all the way out to do their best n to extend to have a public holiday today to pay respect ! What happen to our Mysia Govt and no news of any kind how to bring our Mysian viticms back with respect ????
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Posted by christlee > 2014-07-22 20:05 | Report Abuse
Cos Friday is the last day to get the money.