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Sovereign Wealth Funds Briefing - Categorized | Market

Khazanah Nasional to reverse share swap with AirAsia,Malaysian Airline holders

Posted on 03 May 2012

Khazanah Nasional Bhd, the investment holding arm of the Malaysian government, said Wednesday it will unwind a share swap agreement involving Malaysian Airline System Bhd and AirAsia Bhd, reverting to the original shareholding of the major shareholdings of the two airlines.
Khazanah Nasional will transfer 277.65 million shares, or a 10% stake, in AirAsia to Tune Air Sdn Bhd while Tune Air will transfer its 685.14 million shares–equivalent to a 20.5% stake in Malaysian Airline–back to Khazanah, according to a Khazanah Nasional statement. The transfer will be done at the original swap ratio and price, it said………………………………………..Full Article: Source


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