KUALA LUMPUR Aug 29 Shares in Malaysia Airlines
(MAS) will be suspended on Friday ahead of a material
MAS said its shares will be suspended from 9 a.m. local time
(0100 GMT), confirming an earlier report by Reuters.
The share suspension comes ahead of the announcement of the
airline's planned restructuring, which could include job cuts
and a change in top management.
Khazanah Nasional, the airline's majority shareholder, will
be holding a press conference on MAS at 3 p.m. local time(0700
GMT) on Friday.
MAS reported a net loss of 307.04 million ringgit ($97.27
million) in its second quarter and said its earnings in the
second half will be hit by lower passenger bookings after the
two jet disasters this year.
(1 US dollar = 3.1565 Malaysian ringgit)
(Reporting by Al-Zaquan Amer Hamzah; Editing by Ryan Woo)