Malaysia Airline's shares suspended pending announcement
KUALA LUMPUR Aug 8 (Reuters) - Malaysia Airline System Bhd said on Friday it has halted trading in its shares pending an announcement.
The carrier did not elaborate but sources told Reuters in July that state investor Khazanah Nasional Bhd, which owns 69 percent of MAS, plans to take it private as the first step in a major restructuring.
The airline said on Friday trading of its shares will be suspended from 09 a.m. local time (0100 GMT) but did not specify the duration of the suspension.
The plan comes after one of the loss-making carrier's aircraft, MH370, disappeared on March 8. On July 17, MH17 was shot down over Ukraine. Hundreds of people were killed in both incidents. (Reporting by Yantoultra Ngui; Editing by Paul Tait)
- Maine nurse fights Ebola quarantine, says will not be bullied |
- Dollar surges as Fed ends QE on hawkish note
- SoftBank's humanoid robot lands job as Nescafe salesman
- Ukraine gas supplies in doubt as Russia seeks EU payment deal
- Clashes erupt as Israeli police kill Palestinian suspected of shooting Jewish far-rightist