MAS privatisation to cost Khazanah cost RM1.18 billion
Published on: Thursday, April 17, 2014
Kuala Lumpur: The possible privatisation of Malaysia Airlines would cost its principal shareholder, Khazanah Nasional Bhd, RM1.18 billion, assuming a 10 per cent premium on its current share price, said Maybank Investment Bank (Maybank IB)."Further assuming that the profitable businesses are spun-off and separately listed with Khazanah ceeding a 30 per cent stake, Khazanah would get back RM1.25 billion cash," the investment bank said in a note Wednesday. The research firm said MAS' share price had reached the bottom and it upgraded its rating to 'hold' from 'sell' with a target price of 22 sen per share.
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