MAS board approves tabling of Khazanah proposed SCR exercise

Malaysia Airlines (MAS) board of directors have deliberated on Khazanah Nasional Berhad's proposed selective capital reduction (SCR) exercise.

This announcement was made known through a media statement today.

Upon completion of the SCR, Khazanah will become the sole ordinary shareholder of MAS, which would lead to a de-listing of the counter from Bursa Malaysia.

In its statement made to Bursa today, MAS stated that the board has deliberated on the offer made Khazanah and resolved to table the proposed SCR to shareholders at an Extraordinary General Meeting to be scheduled at a later date.

Meanwhile, MAS said it will continue to operate all its current flights, schedules and reservations.