MAS-AirAsia to leverage on core strengths

KUALA LUMPUR: Malaysia Airlines (MAS), AirAsia Bhd and Airasia X Sdn Bhd today entered into a comprehensive collaboration framework to leverage on their respective core strengths.

To strengthen the collaboration and to establish a mutuality of interest, MAS and AirAsia are issuing free warrants to each other's shareholders.

Independent advisers will be appointed to advise minority shareholders on the proposed warrants,

Tune Air Sdn Bhd and Khazanah Nasional Bhd, the major shareholders of AirAsia and MAS, respectively, have agreed to acquire from each others existing shares, said Khazanah and Tune Air in a joint statement,

As a result, Tune Air will hold 20.5 per cent shares in MAS and Khazanah will hold 10 per cent shares in AirAsia.

Khazanah will continue to be the single largest and major shareholder of MAS.

The agreement will come into effect immediately upon its execution and shall remain in effect for five years from the date of the collaboration agreement, with an option for a further five-year renewal.- Bernama

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$ wrote:Hlk should be reinstated to s moderator le. so hard working

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