Bursa Alert
Global Market
NewsHot Stock MAHB retreats 1.52% on AirAsia’s RM409m letter of demand
Page 1 of 1
Hot Stock MAHB retreats 1.52% on AirAsia’s RM409m letter of demand
by Cals Mon 03 Aug 2015, 21:50
Hot Stock
MAHB retreats 1.52% on AirAsia’s RM409m letter of demand
KUALA LUMPUR (Aug 3): Shares of Malaysia Airports Holdings Bhd (MAHB) ([You must be registered and logged in to see this image.] Financial Dashboard) fell in early trade today after low cost carrier served a letter of demand seeking RM409 million from the airport operator for alleged losses and damages arising from its operation at klia2 and the low-cost carrier terminal.
At 9.10am, MAHB was down 1.52% or 9 sen to RM5.84 with 59,000 shares done.
The low-cost carrier has claimed that MAHB, as an airport operator, has failed and/or breached its contractual duties and duty of care which has caused AirAsia ([You must be registered and logged in to see this image.] Financial Dashboard) to suffer and continue to suffer losses, as a result of MAHB's breach.
It claimed that MAHB's breach has damaged its brand and reputation as the failings of the facilities are perceived to be within the control of AirAsia, with the airline being the single largest operator of klia2.
MAHB retreats 1.52% on AirAsia’s RM409m letter of demand
KUALA LUMPUR (Aug 3): Shares of Malaysia Airports Holdings Bhd (MAHB) ([You must be registered and logged in to see this image.] Financial Dashboard) fell in early trade today after low cost carrier served a letter of demand seeking RM409 million from the airport operator for alleged losses and damages arising from its operation at klia2 and the low-cost carrier terminal.
At 9.10am, MAHB was down 1.52% or 9 sen to RM5.84 with 59,000 shares done.
The low-cost carrier has claimed that MAHB, as an airport operator, has failed and/or breached its contractual duties and duty of care which has caused AirAsia ([You must be registered and logged in to see this image.] Financial Dashboard) to suffer and continue to suffer losses, as a result of MAHB's breach.
It claimed that MAHB's breach has damaged its brand and reputation as the failings of the facilities are perceived to be within the control of AirAsia, with the airline being the single largest operator of klia2.
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Hot Stock SOP shares retreats after JV terminated
» Hot Stock Mah Sing retreats 0.66% on legal suit against unit
» Beef up security, AirAsia tells MAHB
» MAHB: AirAsia received most incentives over 10 yrs (Update)
» Hot Stock Selling on AirAsia X eases but AirAsia drifts lower after poor 3Q results
» Hot Stock Mah Sing retreats 0.66% on legal suit against unit
» Beef up security, AirAsia tells MAHB
» MAHB: AirAsia received most incentives over 10 yrs (Update)
» Hot Stock Selling on AirAsia X eases but AirAsia drifts lower after poor 3Q results
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum