Posted by nasaie24 > 2014-08-08 11:04 | Report Abuse

Too little. Minority shareholders must reject

Posted by ayusof > 2014-08-08 11:07 | Report Abuse

Nice confirm 0.27.may review more if minority sharholders reject. or nego.

Posted by nomanland > 2014-08-08 11:08 | Report Abuse

My vote: reject. at least 0.370

Posted by mataseri > 2014-08-08 11:09 | Report Abuse

its a tough but fair offer la at 27. i was expecting more though.

hope other BOD ask for more.

Posted by samad_83 > 2014-08-08 11:09 | Report Abuse

how to reject? they only would need 50% approval from shareholders, considering they are currently holding more than 60% majority

Posted by nissansuny1234 > 2014-08-08 11:10 | Report Abuse

have to tender

Posted by speakup > 2014-08-08 11:11 | Report Abuse

27 already very very generous considering the lastest NTA of MAS is only 21sen. That's almost 30% PREMIUM to it's NTA. I had expected only about 23-25 max.

Posted by kptMx > 2014-08-08 11:12 | Report Abuse

LoL > BuLLRam

Posted by cherry tomato > 2014-08-08 11:12 | Report Abuse

it either to accept, take the money and continuous with live.
or wait for it to declared bankrupt. 1 cents also don't have.
what choice we have.

Posted by kptMx > 2014-08-08 11:12 | Report Abuse

LOL > goldenray

Posted by mataseri > 2014-08-08 11:12 | Report Abuse

50% approval from the remaining 30% of shareholders.

Posted by nomanland > 2014-08-08 11:14 | Report Abuse

RM1.400billion / 4.011billion share = 0.349 per share. How did they get the 0.27?

Posted by investor89 > 2014-08-08 11:15 | Report Abuse

LETS REJECT TOGETHER.. but anyway, i believe this 0.27 wont work because those big sharks average up the price sure above 0.27. they wont sell to them. sarawak and sabah foundation they bought around rm1 that time..

Posted by steviebull > 2014-08-08 11:16 | Report Abuse

im happy with 27

Posted by Yong Chun Wah > 2014-08-08 11:17 | Report Abuse

confirmed 27sen announced on bursa website. if some investors appealed, may be raised to 30sen I guess.... like JTI , raised its offer price too

Posted by angelinaloke > 2014-08-08 11:20 | Report Abuse

anyone know when resume for trading ?

Posted by nasaie24 > 2014-08-08 11:20 | Report Abuse

not declare bankrupt la. other party maybe interested. 1bil++ is so little for middle eastern investors. REJECT REJECT.

Posted by steviebull > 2014-08-08 11:23 | Report Abuse

firm 0.27cents... try to reject maybe can get more.. or else only 0.27cents.... why not try our luck and reject and ask for more

Posted by nooniez > 2014-08-08 11:24 | Report Abuse

retail investors might be happy..but i don't think thats the case for institutional investors.

Posted by DavidSiaw > 2014-08-08 11:29 | Report Abuse

Let's sign a petition to protest privitisation at 0.27!

Posted by lool > 2014-08-08 11:33 | Report Abuse

anyone know when resume for trading ?


Should resume next monday

We wish to announce that we have requested for the suspension in the trading of our ordinary shares on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) with effect from 9.00 a.m. on 8 August 2014 to 5.00 p.m. on 8 August 2014, as requested by Khazanah Nasional Berhad (“Khazanah”), being our major shareholder, pending for a proposal from Khazanah in relation to a material corporate exercise involving the Company.
The request for suspension is made under subparagraph 3.1(b) of Practice Note No. 2 on Requests for Suspension of the Listing Requirements of Bursa Securities for the Main Market

Posted by raviy2k13 > 2014-08-08 11:33 | Report Abuse

I wish to know the view point of the Unions. Surely, many heads will roll subsequently when rationalising ops.

Posted by nasaie24 > 2014-08-08 11:34 | Report Abuse

They're gonna lay off many thats for sure. Dah la got 27sen only, lay off some more

Posted by hhakim > 2014-08-08 11:34 | Report Abuse

MAS to be delisted !!!

http://money.cnn.com/2014/08/07/news/malaysia-airlines/index.html?hpt=hp_t3

Posted by nasaie24 > 2014-08-08 11:35 | Report Abuse

I know they consultants they hired. Reduce workforce n salary for sure

Posted by jackkyip > 2014-08-08 11:35 | Report Abuse

only 0.27cent

Posted by brutusbeefcake > 2014-08-08 11:36 | Report Abuse

habislahh siapa yang beli atas 30 cent. kow2 rugi

Posted by ajaaja > 2014-08-08 11:37 | Report Abuse

cheap..but still make money.

Posted by nasaie24 > 2014-08-08 11:46 | Report Abuse

Kuih nowadays 40sen sen maaa.. 27sen u get nothing!

Posted by dkrempit > 2014-08-08 11:47 | Report Abuse

yg take over tu kudukut ma

Posted by BuLLRam > 2014-08-08 11:52 | Report Abuse

LoL...kptMx...as they said..u cant beat them all...kikikiki..cheers..out4lunch...

Posted by jcn7030 > 2014-08-08 11:56 | Report Abuse

Monday surely up ... up... up .. more than .27 cents. and i can get duit raya lagi..

Posted by TanQiQian > 2014-08-08 12:04 | Report Abuse

Monday delist already...duit kopi pun tiada...

Posted by Ring > 2014-08-08 12:05 | Report Abuse

A delisting would pave the way for Khazanah, which is chaired by Prime Minister Najib Razak, to revive the loss-making carrier, possibly by selling off its profitable engineering, airport services or budget airline units, trimming its payroll and installing a new management team.

Posted by sonicleong > 2014-08-08 12:06 | Report Abuse

meaning today can get to sell issit ?

Posted by sg999 > 2014-08-08 12:08 | Report Abuse

up?already dislit.

Posted by newcomer123 > 2014-08-08 12:10 | Report Abuse

if delist on monday?? then about 0.27sen would be paid as compensation??

Posted by ayusof > 2014-08-08 12:12 | Report Abuse

Losing RM 700M of 60% holding for govt entity is small compare to national pride. Remember Sime Dary Eng lost RM 2 billion and doest not shake them anyway.during 98 we even lost more on derivatives.

Come on. Dont delist and just go on Revenue is RM 15 B. Govt have collect billions over the past 40 yrs. Everything paid already ma.

Posted by kptMx > 2014-08-08 12:14 | Report Abuse

cheers BuLLRam!

Posted by ayusof > 2014-08-08 12:15 | Report Abuse

With today world news, lucky they give 0.27. If decision on next Monday, maybe 0.23. Lan haa

Posted by newcomer123 > 2014-08-08 12:18 | Report Abuse

why said so ayusof??

Posted by ghoyye > 2014-08-08 12:20 | Report Abuse

0.27 is not attractive to me. Will continue holding, and wait for the stock to get listed again in 4-5 years time :)

Posted by Ring > 2014-08-08 12:20 | Report Abuse

KUALA LUMPUR (Aug 8): Maybank IB Research has advised investors to accept Khazanah Nasional Bhd’s offer of 27 sen per Malaysian Airline system Bhd share it does not already own to take the airline private.

In a statement Friday, the state investment arm, which owns 69.37% of MAS, said it had submitted a formal request to MAS to undertake a selective capital reduction and repayment exercise.

Maybank IB analyst Mohshin Aziz in a note to clients said the long-awaited privatization by Khazanah Nasional would cost the state fund roughly RM1.4 billion to buyout shares that it doesn't already own.

He said the offer was unconditional, and will be pushed for completion as soon as possible.

“Go for it, take the offer and say thank you.. We have did an analysis on the sum-of-parts value of the Company a while ago and derive a value of RM4.1 billion or 25 sen.

“Therefore, Khazanah's offer of 27 sen is fair and in fact a nice 8% premium to our fair value,”he said.

Mohshin however added that any hope for a revised upward offer would not materialise, as its 2Q14 financial results to be released later this month would be awful and perhaps the worst in its history.

“When that happens, it will definitely spook everyone and evaporate any hope for a revised offer,” he said.

Posted by izoklse > 2014-08-08 12:21 | Report Abuse

Malaysia Airlines to be taken private ahead of revamp

Deeply troubled Malaysia Airlines will be de-listed and taken private ahead of a major restructuring following the double disasters of MH370 and MH17, under a proposal announced Friday by its majority shareholder.

State investment vehicle Khazanah Nasional, which owns 70 percent of the flag-carrier, said it would purchase all minority shares and finalise a restructuring plan by the end of the month.

The move confirmed growing speculation that Khazanah planned to completely take over Malaysia Airlines to strengthen its hand in addressing the free-falling carrier's mounting problems.

Khazanah said all stakeholders will need to work together to save the company via a "complete overhaul of the national carrier on all relevant aspects ... (including) the airline's operations, business model, finances, human capital and regulatory environment."

"Nothing less will be required in order to revive our national airline to be profitable as a commercial entity and to serve its function as a critical national development entity," it said.

Malaysia Airlines has reeled from years of financial losses and its survival is now seen as in peril following this year's air catastrophes.

Flight MH370 disappeared mysteriously in March with 239 people aboard, en route from Kuala Lumpur to Beijing. No trace has been found and the airline was widely criticised for its handling of the crisis.

On July 17, MH17 was shot down over Ukraine, with another 298 people killed.

Though it formerly had a solid safety reputation, the carrier's association with tragedy has pummelled bookings, and analysts said it is burning through its cash reserves at a rate of around $2 million per day as it struggles to survive.

It lost 4.1 billion ringgit ($1.3 billion) from 2011-13, and a further 443 million ringgit in the first quarter of this year, blaming MH370's "dramatic impact" on bookings.

Earlier Friday, Malaysia Airlines had its shares suspended on the Kuala Lumpur stock exchange ahead of the Khazanah statement.

The company is expected to unveil its second-quarter earnings in mid-August.

..

https://my.news.yahoo.com/malaysia-airlines-taken-private-ahead-032446398.html

Posted by Ibnu > 2014-08-08 12:29 | Report Abuse

Normally any material announcements the shares will be suspended. I predict they wanted to announce that they have reached the unconditional mandatory take-over. I dont know ho much they will offer to those shares that are still in the market.

Posted by Iching88 > 2014-08-08 12:35 | Report Abuse

o.o85 per share. shit loh

Posted by alexanderSingapore > 2014-08-08 12:40 | Report Abuse

北京时间8月8日上午消息，据CNBC报道，马来西亚国家基金国库控股公司（Khazanah）提出以每股27仙（sen，马来西亚货币单位）的价格收购陷入困境的马来西亚航空公司，收购总额将达到14亿林吉特（约合4.365亿美元）。

本周四收盘时，马航的股价为每股24仙。本周五，马航股票暂停交易，等待新消息发布。马航表示，由于财务业绩日益恶化，该公司将要求退市，而持有马航69%股份的国库控股将对马航进行全面审查和重组。

如果马航退市，由首相纳吉布执掌的国库控股将努力复兴马航，可能会出售马航旗下的工程、机场服务以及廉价航空部门，降低职员工资，重新打造管理团队

Posted by thebodhisattvatrader > 2014-08-08 12:42 | Report Abuse

Maybank IB are a bunch of morons! Back in June they valued MAS at 12 cents. Idiots! Now they want to claim their "analysis" is at 25? Unbelievable...http://goo.gl/EKcjld

Posted by pypw > 2014-08-08 12:49 | Report Abuse

Agree. Those analysis just cari makan. Based on your own adjustment.

Posted by Jimmy Ng > 2014-08-08 13:03 | Report Abuse

27sen? only appx 13% over the current price.... not attractive...